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State Whether the Following Statements Are True Or False: Saving Increases with Increase in Income. - Economics

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 State whether the following statements are TRUE or FALSE: 

Saving increases with increase in income.  

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Solution

 True, saving increases with increase in income.
Explanation:
When there is a rise in income, the savings increases. This relation between income and saving is depicted by the saving function.

Concept: Concept of National Income
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