Budgeting Quick Check
Define autonomous consumption (1 point)
Autonomous consumption is the amount that a person must spend on basic needs (such as food and
housing) regardless of his or her income.
Autonomous consumption is the amount that a person chooses to spend over the costs of his or her basic
needs, such as food and housing
Autonomous consumption is the amount that a person spends on himself or herself and does not include any
shared expenses, such as the cost of housing if other people also live in the dwelling
Autonomous consumption is the amount that a person spends on other people and does not include any
expenses that are spent solely for oneself, such as food or luxury items