Refer to the Consumption Schedule Above

question 65

Multiple Choice

Refer to the consumption schedule above. If disposable income is $42,000, then saving is:

• A) $0
• B) $2,000
• C) $4,000
• D) $6,000

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Definitions:

U.S. Dollars

The official currency of the United States, widely used as a standard of exchange in international markets and as a reserve currency globally.

Euro

The official currency of 19 out of the 27 European Union countries, which forms one of the largest economic and trading blocks in the world.

Adopted

The action of legally taking another's child and raising it as one's own or the acceptance and implementation of a measure, idea, or proposal.

England

A country that is part of the United Kingdom. It shares land borders with Scotland to the north and Wales to the west; the Irish Sea is to the north west, the Celtic Sea to the south west, with the North Sea to the east and the English Channel to the south separating it from continental Europe.