Exhibit 9-1

-Given the data in Exhibit 9-1, the level of saving at a disposable income of $1,200 is
A)$80
B)$240
C)$950
D)$1,200
E)$1,300

Question

Exhibit 9-1
 
-Given the data in Exhibit 9-1, the level of saving at a disposable income of $1,200 is
A)$80 
B)$240 
C)$950 
D)$1,200 
E)$1,300

Quizplus · Accepted Answer

Based on the given data, the level of saving at a disposable income of $1,200 is $240. This is because at a disposable income of $1,200, the corresponding level of consumption is $960, and the corresponding level of saving is $240 ($1,200 - $960 = $240). Therefore, the correct answer is choice B.

Exhibit 9-1 -Given the Data in Exhibit 9-1, the Level of Saving