Based on an annual disposable income of $40,000, calculate the average amount o money a person would save in japan; in the united states; in france.

Total personal revenue is the disposable income less personal taxes. Employee earnings minus employee actual taxes in terms of national reports reflect net established income.

The household saving rate is specified as total saving divided by disposable income.

Household saving = Disposable income * Households saving rate

Japan:

$40,000*1.9% = $760

United States :

$40,000*4% = $1,600

France :

$40,000*15.8% = $6,320

Parrain Parrain · Answer 2 · 2021-09-04T05:01:59+02:00

The amount people would save on average is:

$760 in Japan
$1,600 in the U.S.
$6,320 in France.

The average savings rate in a country is indicative of the living expenses that people in that country have to incur. A lower savings rate therefore means that there are more expenses.

The average savings can be calculated by multiplying the disposable income by the average savings rate.

In Japan, the average amount saved in a year is:

= 40,000 * 1.9%

= $760

In the United States:

= 40,000 * 4%

= $1,600

In France:

= 40,000 * 15.8%

= $6,320

In conclusion, we can say that people in France incur less expenses on average.

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