Asked by Alejandro Bernal on Jun 30, 2024
Verified
When disposable income is $3 trillion,how much is savings?
Disposable Income
The amount of money that households have available for spending and saving after income taxes have been accounted for, serving as an indicator of economic health.
Savings
Money that is set aside from income not used for consumption, which may be stored for future expenses, investments, or emergencies.
- Explore the repercussions of disposable income on consumption (C), investment (I), and the accumulation of savings.
Verified Answer
ZK
Learning Objectives
- Explore the repercussions of disposable income on consumption (C), investment (I), and the accumulation of savings.