The part of income after tax that is not consumed is defined…

JAMB Economics 2023 178 views
Source: JAMB · 2023

The part of income after tax that is not consumed is defined as

  1. Saving ✓
  2. Capital investment
  3. Wages and salaries
  4. Nondurable goods expenditure
Explanation

Income left after tax is called disposable income. Part of it is spent on goods and services. The part not spent is saving.

Capital investment is spending on machines and buildings, not unspent income.

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