Current and Future Consumption

The following questions refer to the accompanying diagram, which shows a consumer's choice between current and future consumption.

-Refer to Current and Future Consumption.The diagram shows the case of a

Question

Current and Future Consumption

The following questions refer to the accompanying diagram, which shows a consumer's choice between current and future consumption.

-Refer to Current and Future Consumption.The diagram shows the case of a

Quizplus · Accepted Answer

The diagram shows that current consumption is less than current income, indicating that the individual is a net lender, as they are saving a portion of their income for future consumption.