Consider the following statements.
1. The most important determinant of consumer demand is national income.
2. Autonomous consumption means the consumption which is independent of income.
3. The national income of a country can be measured from the angle of production, from income generation and from final utilization.
Which of the statements given above is/are correct?
1
1 only
2
2 only
3
All 1, 2 and 3
4
Both 1 and 2
5
3 only