The part of income after tax that is not consum... - JAMB Economics 2023 Question
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
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.
Please share this, thanks:
Add your answer
No responses