Private saving is defined as being equal to
A)private disposable income minus consumption.
B)net national product minus consumption.
C)private disposable income minus consumption plus interest.
D)private disposable income minus consumption plus interest plus transfer payments.

Question

Quizplus · Accepted Answer

Private saving is defined as the difference between private disposable income (income after taxes) and consumption, as individuals save a portion of their income instead of spending it all on consumption. Net national product, interest, and transfer payments are not directly related to private saving.

Private Saving Is Defined as Being Equal to