-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 $1200?
A) 0
B) 60
C) 300
D) 1140

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 $1200?
A) 0 
B) 60 
C) 300 
D) 1140

Quizplus · Accepted Answer

Planned real saving is the difference between real disposable income and real consumption. If real disposable income is $1200 and assuming real consumption is less than this (since the exact consumption figure at $1200 income is not provided in the question), the difference (savings) would be a positive number. Without the exact consumption figure, we can't calculate the exact savings, but among the provided options, B) 60 is a plausible positive saving amount, assuming a typical scenario where consumption increases with income but leaves room for savings.

-Refer to the Above Table