What happens to income earned in Canada?
A)It is spent on exports,imports,and investment and saved.
B)It is spent on consumption,imports,and taxes and saved.
C)It is spent on consumption,exports,and taxes and saved.
D)It is spent on consumption,imports,taxes,and investment.
E)It is spent on imports,taxes,and government spending.

Question

Quizplus · Accepted Answer

Income earned in Canada is typically spent on consumption, imports, and taxes, and the remainder is saved. This reflects the common uses of income in an economy, where individuals and businesses allocate their earnings to meet immediate needs, pay obligations, and set aside savings for future use.

What Happens to Income Earned in Canada