Question

Which of the following statements is correct?

Options

• Autonomous investment refers to investment which is dependent on the level of income in the economy.

• Autonomous investment refers to investment which is dependent on the level of consumption in the economy.

• Autonomous investment refers to investment which is independent of the level of income in the economy. 

• Autonomous investment refers to investment which is dependent of the level of consumption in the economy.

Answer 1

Autonomous investment refers to investment which is independent of the level of income in the economy. 

Explanation:

Autonomous investment is the portion of a government's or other institution's overall investment that is made without regard to economic concerns.