Examination of Data from Households Shows That Households with High

question 61

Multiple Choice

Examination of data from households shows that households with high current income ______ than do households with low current income.

• A) consume less
• B) save less
• C) save a smaller fraction of current income
• D) save a larger fraction of current income

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Definitions:

Business

Any organization or entrepreneurial entity engaged in commercial, professional, or industrial activities.

Assessed Values

The valuation placed on a property by a public tax assessor for purposes of taxation.

Taxes

Mandatory financial charges or levies imposed by a government on its citizens and businesses to fund public expenditures.

Canadian Dollars

The Canadian dollar is the currency of Canada, often represented by the symbol CAD or simply $.