Question

why is autonomous investment is independent of the level of income

Answer 1

It remains constant irrespective of the level of income in the economy. It refers to the type of investment which is not affected by a change in the level of income in the economy. Therefore, autonomous investment is income inelastic as it remains the constant and does not response to the change in the level of income.

Answer 2

Answer:

It remains constant irrespective of the level of income in the economy. It refers to the type of investment which is not affected by a change in the level of income in the economy. Therefore, autonomous investment is income inelastic as it remains the constant and does not response to the change in the level of income.

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