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Saving Function

Saving is defined as the excess of __________ over consumption expenditure.

Income

Gain

Consumables

The desire or the willingness of an individual or household to save is the major driving factor towards saving.

True

False

In spite of the willingness to save, one cannot save if they do not have the capacity or the ability to save.

True

False

S= Y-C; Where, Y= Income; S= Saving; C= Consumption. The equation shows that the remaining amount after the deduction of total expenditure from total income is ______________.

Saving

Saving Function

Net Income

A direct relationship exists between saving and income. This means, if income increases, saving _____________ but in less proportion in comparison to income.

Increases

Decreases

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