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Volume 4 Issue 5 by Sir Bilal
The purpose of this research paper is to test the Keynes consumption function among the studen... more The purpose of this research paper is to test the Keynes consumption function among the
students of University of the Punjab. A Survey is conducted among the students of
University of the Punjab.In this research the roles of consumption in economic growth in
short run to determine aggregate demand in the economy is discussed. The marginal
propensity to consume (MPC) is also define as an empirical metric that quantifies induced
consumption, the concept that the increase in personal consumer spending (consumption)
that occurs with an increase in disposable income (income after taxes and transfers).A large
amount of material has therefore been written regarding the consumption function, many
macro-economic policies rely on ability to influence the aggregate demand in the economy
without directly increasing government expenditure. The questionnaire included questions
related to the consumption pattern of the students like monthly pocket money, monthly
consumption and savings etc. The Guardian income and occupation is also included in the
survey. The survey shows that two postulates of Keynes hold true for the students of
university of the Punjab.
The purpose of this research paper is to test the Keynes consumption function among the studen... more The purpose of this research paper is to test the Keynes consumption function among the
students of University of the Punjab. A Survey is conducted among the students of
University of the Punjab.In this research the roles of consumption in economic growth in
short run to determine aggregate demand in the economy is discussed. The marginal
propensity to consume (MPC) is also define as an empirical metric that quantifies induced
consumption, the concept that the increase in personal consumer spending (consumption)
that occurs with an increase in disposable income (income after taxes and transfers).A large
amount of material has therefore been written regarding the consumption function, many
macro-economic policies rely on ability to influence the aggregate demand in the economy
without directly increasing government expenditure. The questionnaire included questions
related to the consumption pattern of the students like monthly pocket money, monthly
consumption and savings etc. The Guardian income and occupation is also included in the
survey. The survey shows that two postulates of Keynes hold true for the students of
university of the Punjab.