-Refer to the Above Figure

question 225

Multiple Choice

-Refer to the above figure. The figure represents the consumption function for a consumer. Point B represents

• A) autonomous consumption.
• B) positive saving.
• C) negative saving.
• D) zero saving.

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Definitions:

Tax Rebate

A refund on taxes paid, typically when the tax liability is less than the taxes paid.

Achievement Test

A test designed to assess a person's knowledge or proficiency in a particular area or subject.

Standard Deviation

The square root of the variance, representing the distribution of a dataset in relation to its mean.

Normally Distributed

Explains a probability distribution where the distribution is balanced on either side of the mean, suggesting that data points near the mean happen more frequently than those far from the mean.