Refer to the information provided in Figure 8.1 below to answer the questions that follow. Figure 8.1
-Refer to Figure 8.1. This household saves ________ at an income level of $400.
A) -$300
B) -$250
C) $0
D) $250

Question

Refer to the information provided in Figure 8.1 below to answer the questions that follow.  Figure 8.1
-Refer to Figure 8.1. This household saves ________ at an income level of $400.
A) -$300 
B) -$250 
C) $0 
D) $250

Quizplus · Accepted Answer

The negative savings of -$300 indicates that at an income level of $400, the household is dissaving, meaning it is spending more than its income.

Refer to the Information Provided in Figure 8