Saving equals ________
A. income minus consumption expenditure minus net taxes
B. income minus net taxes
C. total income minus total expenditure
D. net taxes minus government expenditure
A Saving is what is left from income after consumption expendi-ture and net taxes are paid.
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Minimum wages are examples of
A) a price floor. B) a price ceiling. C) the rationing function of prices not working. D) government increasing the demand for certain products.
Demand-pull inflation is caused:
a. by increases in production costs. b. by increases in tax rates by the government. c. by trade unions' pressure for wage hike. d. when spending increases in an economy producing at its maximum capacity. e. when increases in the supply of goods are exactly offset by increases in spending.