Asked by
VASILEIOS ALEXIOU
on Nov 30, 2024Verified
At very low income levels,saving is
A) a high percentage of income.
B) a low percentage of income.
C) zero.
D) negative.
Income Levels
Categories or ranges of income that differentiate various groups within a society, often used in analyzing economic and social status.
Saving
The portion of income not spent on current expenditures or taxes, typically set aside for future use or investment.
- Recognizing the impact of disposable income levels on consumption and saving behaviors.
Verified Answer
BD
Learning Objectives
- Recognizing the impact of disposable income levels on consumption and saving behaviors.