In a graph of the relationship between income and saving, economists generally consider
A)income to be the independent variable and place it on the vertical axis.
B)income to be the dependent variable and place it on the horizontal axis.
C)saving to be the dependent variable and place it on the vertical axis.
D)saving to be the independent variable and place it on the vertical axis.

Question

Quizplus · Accepted Answer

In economics, income is typically considered the independent variable, and saving is the dependent variable. Therefore, saving is placed on the vertical axis as it depends on the level of income.

In a Graph of the Relationship Between Income and Saving