Savings by consumers equals

Name: Savings by consumers equals
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Savings by consumers is the portion of their income which is not spent on consumer goods and services. Therefore, it is calculated as the difference between income and consumer spending, adjusted for taxes. Net taxes are the taxes paid to the government minus any transfer payments received from the government. So, savings by consumers = income - net taxes - consumer spending, which is given by choice B.

Savings by Consumers Equals