The saving schedule is drawn on the assumption that as income increases:
A)saving will decline absolutely and as a percentage of income.
B)saving will increase absolutely, but remain constant as a percentage of income.
C)saving will increase absolutely, but decline as a percentage of income.
D)saving will increase absolutely and as a percentage of income.
Answer:D
The saving schedule is drawn on the assumption that as income increases:
A)saving will decline absolutely and as a percentage of income. B)saving will increase absolutely, but remain constant as a percentage of income. C)saving will increase absolutely, but decline as a percentage of income. D)saving will increase absolutely and as a percentage of income.