Answered

At Westonci.ca, we connect you with the answers you need, thanks to our active and informed community. Join our platform to connect with experts ready to provide precise answers to your questions in different areas. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform.

What term can be used to describe the situation where your fixed and variable expenses are higher than your net income.(1 point)

A. saving

B. autonomous consumption

C. negative budgeting

D. dissaving

Sagot :

anthougo

The term that describes the situation where fixed and variable expenses are higher than net income is D. dissaving.

Dissaving happens when an individual is spending from either previous savings or borrowing to fund current expenses.

Dissaving is commoner with retirees than those currently employed. But it can also happen to currently-employed persons, whose expenses are more than their incomes. They should find strategies to stop the negative saving. Otherwise, their debts may be overbearing in future.

Thus, dissaving means negative saving or spending more than income.

Learn more: https://brainly.com/question/13954775

Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Thank you for using Westonci.ca. Come back for more in-depth answers to all your queries.