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 part of 40000+ General Studies MCQ Series Course on GKToday Android app. Question Number: 75 in General Studies Mock Test - 44 in above course in App.