Current savings for a household is measured by:
A) Current consumption spending (including personal taxes) subtracted from personal income
B) Current budget receipts less current budgetary expenditures
C) Current retained earnings and noncash expenses
D) Purchases of household durable goods
E) None of the above

Question

Quizplus · Accepted Answer

Current savings for a household is calculated by subtracting current consumption spending (including personal taxes) from personal income. This reflects the amount of income left after all spending has been accounted for, which can then be saved.

Current Savings for a Household Is Measured By