Asked by
Bryan Martinez
on Oct 13, 2024Verified
In this graph,when disposable income is 4,000,savings is
A) 4,000.
B) 3,000.
C) 2,500.
D) 750.
Disposable Income
The fiscal capacity for households to commit to spending and saving following income taxation.
Savings
The portion of income not spent on consumption but kept aside for future use, often in a bank or other financial instruments.
- Identify the effect of disposable income on the amounts saved and spent.
Verified Answer
DW
Learning Objectives
- Identify the effect of disposable income on the amounts saved and spent.