Asked by

Dominique Likus
on Oct 13, 2024

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Savings plus consumption equals disposable income

A) all of the time
B) most of the time
C) rarely
D) never

Savings

Funds that are set aside for future use rather than being spent immediately, often placed in accounts that earn interest.

Consumption

The use of goods and services by households or individuals, typically referring to the final use that directly satisfies human needs or wants.

Disposable Income

Money freed up for households to allocate towards savings and spending after income tax removal.

  • Understand the relationship between disposable income, consumption, and savings.
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Donna ChajaOct 20, 2024
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