Chapter 8: Measures of Economic Activity
Chapter 8: Measures of Economic Activity
Chapter 8: Measures of Economic Activity
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Personal Savings<br />
• That part <strong>of</strong> disposable income that isn’t<br />
spent on consumption<br />
• Example: If personal disposable income<br />
is $500 B and consumption is $450 B<br />
then personal savings equals $50 B<br />
($500 - $450)<br />
• Savings accounts, GIC’s, , Bonds, stocks,<br />
etc.
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