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

Economists typically consider saving to be dependent on income, so saving is placed on the vertical axis and income on the horizontal axis.

In a Graph of the Relationship Between Income and Saving