If income in a closed, private economy is $50 and consumption is $35, what is the amount of savings?Multiple choice question.$85$15$50$35
Question
Solution 1
In a closed, private economy, savings is calculated as the difference between income and consumption.
Here, the income is $50 and consumption is $35.
So, savings = Income - Consumption = $50 - $35 = $15
Therefore, the amount of savings is $15. Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem. Knowee AI StudyGPT is a powerful AI-powe
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