Private saving is:
A)the amount of income that businesses have left after paying for the factors of production
B)the amount of tax revenue that the government has left after paying for its spending
C)the amount of income that households have left after paying their taxes and paying for their consumption
D)always equal to investment

Question

Quizplus · Accepted Answer

Private saving is the amount of income that households have left after paying their taxes and paying for their consumption. This is different from business saving and government saving. Private saving can be used for investment or held as a store of wealth.

Private Saving Is