Question

Autonomous consumption is: Group of answer choices that portion of total consumption that is dependent upon the level of income. that portion of total consumption that is independent of the level of income. the steady increase in the consumption of goods and services that automatically occurs as a person grows from a child to an adult. the change in consumption that results as a person's (or nation's) income increases or decreases.

Answer 1

Answer:

The correct answer is That portion of total consumption that is independent of the level of income.

Explanation:

Autonomous consumption refers to the goods and/or services that a person needs to purchase, even when he has no disposable income. This expenditure is independent of the level of income because, even if a person has no income at all, he still needs to pay for certain goods to survive, such as food or health services.