Asked by Denise Rodriguez on Jun 03, 2024
Verified
When Savings is 200,I is
A) 0
B) 100
C) 200
D) 1,700
Savings
Funds that are set aside by individuals or entities, often in financial institutions, for future use or investment.
- Understand the correlation among disposable income, savings, and investment.
Verified Answer
ZK
Zybrea KnightJun 03, 2024
Final Answer :
C
Explanation :
Savings is typically defined as income minus consumption. If savings is given as 200, it implies that the income (I) exceeds consumption by 200. Therefore, the correct answer is that I is 200 more than whatever the consumption is, but since we don't have information about consumption or the exact income, none of the provided options can be directly correlated to the correct value of I based solely on the information given. However, option C (200) is the closest to a direct interpretation of the question's wording, assuming a direct numerical relationship is sought without additional context.
Learning Objectives
- Understand the correlation among disposable income, savings, and investment.