Social Income and Expenditure

What do you call the money that you receive for doing your job?

• income

• savings

• investment

• expenditure

The action or process of investing money for profit or material result.

• income

• savings

• investment

• expenditure

The money that is set aside to use for investment or to be used for the future.

• income

• savings

• investment

• expenditure

It is the amount of money spent.

• income

• savings

• investment

• expenditure

Which one is an intangible product

• food

• house

• transportation

• clothes

Which one is an tangible product

• food

• house

• juice

• candy

Peak grows lemons ate home. What role does Peak play?

• Producer

• seller

• buyer

What will happen if a family's household income is more than its expenditure?

• The family will have debts.

• The family will have savings

• The family will borrow money from other people.

Who determines the prices of goods and services?

• buyers

• sellers

• buyers and sellers

• The government

What would a wise consumer do?

• compare prices and qualities of goods before buying

• bargain for the cheapest price

• buy only expensive and branded goods

• Make friends with traders to get discounts and free gifts