Asked by
Morgan Gross
on Nov 30, 2024
Verified
When disposable income is 3,000,savings is
A) 1,000
B) 750
C) 500
D) 0
E) -1,000
Disposable Income
The amount households can devote to saving and spending once income taxes have been factored in.
Savings
The portion of disposable income not spent on consumption of consumer goods but accumulated or invested.
- Learn the implications of disposable income on the balance of consumption and savings.
Verified Answer
CG
Learning Objectives
- Learn the implications of disposable income on the balance of consumption and savings.