Savings equal the difference between personal income and consumption.
Savings equal the difference between disposable income and consumption.

Name: Savings equal the difference between personal income and consumption. Savings equal the difference between disposable income and consumption.
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Quizplus · Accepted Answer

Savings equal the difference between disposable income and consumption, not personal income. Disposable income is personal income minus taxes.

Savings Equal the Difference Between Personal Income and Consumption