Which of the following is NOT a nonincome determinant of con
Which of the following is NOT a nonincome determinant of consumption and saving?
Changes in wage rates.
Changes in the stock of wealth.
Changes in real interest rates and borrowing to support increased present consumption.
Household expectations about future prices and income.
| a. | Changes in wage rates. | |
| b. | Changes in the stock of wealth. | |
| c. | Changes in real interest rates and borrowing to support increased present consumption. | |
| d. | Household expectations about future prices and income. | 
Solution
A) The correct option is changes in wage rates. While other options are the non income determinant of consumption and saving.

