Question on: JAMB Economics - 2023
The part of income after tax that is not consumed is defined as
A
Wages and salaries
B
Saving
C
Capital investment
D
Nondurable goods expenditure
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Correct Option: B
The part of income after tax that is not consumed is defined as "Saving." Saving refers to the portion of income that is not spent on consumption and is instead set aside for future use, investment, or emergencies.
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