Explore the consumption function's formula, its role in predicting economic trends, and its impact on income and consumer behavior, as pioneered by John Maynard Keynes.

The main plank of Keynes’s theory, which has come to bear his name, is the assertion that aggregate demand—measured as the sum of spending by households, businesses, and the government—is the most ...

Gross national product (GNP) includes GDP, income earned by residents from overseas investments, minus income earned by foreign residents.