Question
Which of the following relations always holds true ?
Answer: Option C
Answer: (c)Consumers do one of two things with their disposable income: They save it or they spend it. So Income = Consumption + Saving.
Was this answer helpful ?
Answer: (c)Consumers do one of two things with their disposable income: They save it or they spend it. So Income = Consumption + Saving.
Was this answer helpful ?
More Questions on This Topic :
Question 3. ‘Personal Income’ equals
....
Question 8. When will demand become a grant?
....
Question 10. One of the following is ‘Labour’ in Economics.
....
Submit Solution