Question

The amount of planned consumption spending that would take place if real GDP were zero is called:

O induced planned consumption spending.
O exogenous planned consumption spending.
O autonomous planned consumption spending.
O break even planned consumption spending.

Answer 1

autonomous planned consumption spending.

Step-by-step explanation:

Consumption is utility derived from purchase and use of products and services. There are several types of consumption, which are, induced and autonomous consumption. Induced consumption is determined by the level of real GDP. On the other hand, in the absence of real GDP, there will still be consumption which is referred to as autonomous planned consumption spending.