Consumption function expresses the relationship between consumption and what?

Q. Consumption function expresses the relationship between consumption and what?
Answer: income
Notes: The consumption function shows the relationship between real disposable income and consumer spending. It is a mathematical formula laid out by famed economist John Maynard Keynes.

This Question is Also Available in:

हिन्दी

Question Source: 📚This question has been sourced from GKToday's "40000+ GK / General Studies MCQs for SSC & State PCS Exams" App Exclusive Course in GKToday Android Application which provides more than 40K General Knowledge and General Studies questions with explanations asked in all Competitive Exams of India. Download the app here.

📌 Question Number: 75 in General Studies Mock Test - 44 in the above course in App.