You are here

Consumption Function

This learning object is a publication of the ILC, University of the Philippines Los Banos. The people behind this learning object are:

Author/Voiceover: Prof. Agham C. Cuevas
Content Reviewer: Prof. Amelia L. Bello
INstructional designer: Prof. Edmund G. Centeno
Language editor: Noel K. Torreta
Graphic Artist: Mr. Joel Anthony T. Cardenas

At the end of this session, you should be able to:

1. establish the relationship of total expenditures and national income/output;
2. describe consumption as a component of national income/output;
3. define what a consumption function is; and
4. explain how fluctuations in consumption affect the national output.

LO Category: