Chris earns $1,500 per week and spends $1,000 per week on living expenses, puts $200 in a savings account, and buys $300 worth of shares in a stock mutual fund. Chris's saving is ________, and Chris's saving rate is ________.

A. $200; 20.0%
B. $300; 20.0%
C. $200; 13.3%
D. $500; 33.3%


Answer: D

Economics

You might also like to view...

How does the increasing use of digital cameras affect the market for traditional camera film?

A) The quantity of traditional camera film demanded decreases. B) The demand curve for traditional camera film shifts to the left. C) The quantity of traditional camera film demanded increases. D) The demand curve for traditional camera film shifts to the right.

Economics

The three major sources of economic profit are

A. risk-bearing, innovation, and exercise of monopoly power. B. risk-bearing, rent seeking, and discounting. C. innovation, invention, and speculation. D. exercise of market power, marginalization, and speculation.

Economics

To the extent that consumers base spending decisions on their permanent income, attempts to fine-tune fiscal policy with temporary tax changes are more effective

Indicate whether the statement is true or false

Economics

Technological innovations are not necessarily major scientific breakthroughs.

Answer the following statement true (T) or false (F)

Economics