Income not used for consumption is:
A. savings****
B. spending
C. donations
D. none of the above
Right, again!
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The correct answer is A. savings.
Savings refers to the portion of income that is not used for consumption and instead is set aside for future use. Savings can be accumulated in various forms such as depositing money into a bank account, investing in stocks or bonds, or contributing to retirement accounts.
To determine the correct answer, you can understand the concept of income not used for consumption and then consider the different options provided. In this case, both options B. spending and C. donations involve using income for consumption or giving it away, respectively. Therefore, the most appropriate answer is A. savings, as it represents money that is not spent or donated but saved for future purposes.