The Sum of Consumption and Saving Is Called _____

question 72

Multiple Choice

The sum of consumption and saving is called _____.

• A)net investment
• B)net income
• C)personal income
• D)disposable income
• E)transfer income

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Definitions:

Market Value

The present rate at which a service or asset may be purchased or sold in the market.

Accounting Records

Documents and books that keep systematic financial data and transactions of a person, company, or entity.

Ethical Lapses

Instances where individuals or organizations fail to act in accordance with their moral or ethical standards.

Civil Prosecution

A legal process initiated by a private party, rather than the state, to seek remedy for a wrong that is believed to have been done to them.