Table 23-5
Answer: When taxes are zero, saving is the difference between national income and consumption:
Saving = national income - consumption.
S = Y - C
Using the table:
Diff: 1 Page Ref: 784-786/400-402
Topic: Income, Consumption, and Saving
*: Recurring
Learning Outcome: Macro-2: Explain the relationship between expenditure and income
AACSB: Analytical thinking
-Given Table 23-6 below, fill in the values for saving. Assume taxes = $800.

Question

Table 23-5
  Answer: When taxes are zero, saving is the difference between national income and consumption:
Saving = national income - consumption.
S = Y - C
Using the table:
  Diff: 1 Page Ref: 784-786/400-402
Topic: Income, Consumption, and Saving
*: Recurring
Learning Outcome: Macro-2: Explain the relationship between expenditure and income
AACSB: Analytical thinking
-Given Table 23-6 below, fill in the values for saving. Assume taxes = $800.

Quizplus · Accepted Answer

The Answer of Table 23-5
  Answer: When taxes are zero, saving is the difference between national income and consumption:
Saving = national income - consumption.
S = Y - C
Using the table:
  Diff: 1 Page Ref: 784-786/400-402
Topic: Income, Consumption, and Saving
*: Recurring
Learning Outcome: Macro-2: Explain the relationship between expenditure and income
AACSB: Analytical thinking
-Given Table 23-6 below, fill in the values for saving. Assume taxes = $800.

Table 23-5 Answer: When Taxes Are Zero, Saving Is the Is