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Which one of the following is NOT true in terms of consumption spending? Select one: A. A positive relationship exists between consumption and income, but
Which one of the following is NOT true in terms of consumption spending? Select one: A. A positive relationship exists between consumption and income, but the increase in consumption will be smaller than the increase in income. B. If households' income increases by R1,38 milliard, consumer spending will increase by less than R1,38 milliard. C. Households earn their income because they are owners of land, labour, capital and entrepreneurship. D. Autonomous consumption is dependent on the level of output and income
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