-Refer to the above table. The table gives the combinations of real disposable income and real consumption for a college student for a year. What does planned real saving equal when real disposable income equals $6,000?
A)-3,000
B)-1,200
C)0
D)7,200

Question

-Refer to the above table. The table gives the combinations of real disposable income and real consumption for a college student for a year. What does planned real saving equal when real disposable income equals $6,000?
A)-3,000 
B)-1,200 
C)0 
D)7,200

Quizplus · Accepted Answer

Planned real saving is calculated as real disposable income minus real consumption. If real disposable income is $6,000 and real consumption is $7,200, then planned real saving is $6,000 - $7,200 = -$1,200.

-Refer to the Above Table