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Question Practice

In a simple economy without savings, what do households do with their entire income?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Economics
Introductory Macroeconomics
National Income Accounting
Question Bank

In a simple economy without sa...

Single Answer MCQ
Q-00106700

In a simple economy without savings, what do households do with their entire income?

1

Invest in foreign goods

2

Save for future use

3

Consume goods and services

4

Pay taxes to the government

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