**income**, wealth, expectations about the level and riskiness of future

**income**or wealth, interest rates, age, education, and family size.

Also to know is, wHAT IS A in consumption function?

The **consumption function**, or Keynesian **consumption function**, is an economic formula that represents the **functional** relationship between total **consumption** and gross national income.

One may also ask, what are the basic characteristics of the Keynesian consumption function? (1) Saving is a stable **function** of income, (2) The marginal propensity to save lies between zero and one, (3) The average propensity to save is directly related to income, (4) The marginal propensity to save remains constant or increases as income increases.

Also asked, what are the main characteristics of the consumption function?

**characteristics**: (1) Aggregate real **consumption** expenditure is a stable **function** of real income. (2) The marginal propensity to **consume** (MPC) or the slope of the **consumption function** defined as dc/dY must lie between zero and one i.e. 0 < MPC < 1.

How do you calculate consumption function?

The **consumption function** is **calculated** by first multiplying the marginal propensity to **consume** by disposable income. The resulting product is then added to autonomous **consumption** to get total spending.