Question

Private savings equals:_______.

a. income after taxes - consumption.
b. taxes - government spending on goods and services.
c. the total amount of savings accounts + stocks + bonds owned by households.
d. income + investment.

Answer 1

a. income after taxes - consumption.

Step-by-step explanation:

Private savings is the amount that is saved in a household. The salary earners in a household usually get their income(salary or wages) in which a percentage is removed as tax. The remainder of the money is used to finance the home.

The private savings is simply gotten by income tax minus the consumption.