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Andrea Umali
on Nov 11, 2024

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If consumption is greater than income,saving must be negative.

Consumption

The action of using goods and services to fulfill needs or desires; usually the largest component of GDP.

Saving

The portion of income not spent on current expenditures or consumables, often put aside for future use or investments.

  • Comprehend the relationship between consumption, saving, and income.
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CS
CHLOE SMITHNov 13, 2024
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