Answer: Level of consumption
Explanation:
The level of consumption is one of the process in which the various types of products and the services are basically consumed by the customers.
The consumption is one of the economical based function that provide a relationship between the spending of the customer and the different types of factors that helps in determining the consumption level.
According to the question, there are basically five important variables which helps in determining the level of the consumption such as the price level, household wealth, the interest rate and also the current disposal income value.
Therefore, Consumption is the correct answer.
Disposable income, wealth, estimated future income, current price, and rate of interest are the five most significant variables that impact the degree of consumption.
Difference between the total personal income and current income taxes is equal to the disposable income. Difference between the personal income and personal current taxes gives disposable personal income, according to national accounting criteria.
Disposable income, wealth, estimated future income, current price, and rate of interest are the five most significant variables that impact the degree of consumption.
Find out more information about income here:
https://brainly.com/question/17961582?referrer=searchResults
