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Let's say the amount Steven has in savings $12,345. He has an after-school job
and earns another $100. Steven spends $95 of this on consumption spending,
for things he needs like school paper, gasoline, food, and a haircut. How much is
Steven saving out of his earned income of $100? How much does he now have
in total savings?

Respuesta :

Steven is saving $5 of his earned income, and now has a total of $12,350 in his savings account.

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