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Answer : 3. "A small part of their income"
Compared to rich the poors saving is–
5Q:
Compared to rich the poors saving is–
- 1A larger part of their incomefalse
- 2An equal part of their incomefalse
- 3A small part of their incometrue
- 4All of their incomesfalse
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Answer : 3. "A small part of their income"
Explanation :
A necessary level of consumption produces differences in income and saving. This implies that the poor household have lower saving rates because they cannot “afford to save” after buying the necessities.