00:01
So the answer here is a, right? a 0 .4.
00:06
And if that's all you're here for, great, carry on with your life.
00:08
But let's try to talk about why.
00:11
So suppose that we start off with a consumer.
00:14
The first thing you need to do, right, is you earn income.
00:19
And then what you do is you pay taxes because these are mandatory.
00:24
You don't have any option in them, right? in fact, the government will probably just take them off your paycheck.
00:27
This leaves you with what we call disposable income, the money that you have left for yourself after taxes.
00:36
And as a consumer, you have two choices, right? you can spend it and you can save it...