2.3.2.2c - definition of the 'savings ratio'
- Syllabus
- 2018
- Objective
- 2.3.2.2
- Level
- AS
The definition of the 'savings ratio'.
Use c - definition of the 'savings ratio' to connect the rule to the data and decision in the question.
This matters because c - definition of the 'savings ratio' determines what can be inferred or chosen; begin with the stated conditions and keep the conclusion tied to the evidence.
Example: apply c - definition of the 'savings ratio' to one small, clearly defined case, show the key step or comparison, and explain the result in words.
Boundary: c - definition of the 'savings ratio' is not a universal recommendation. Check the syllabus scope, assumptions, units and the limits of the evidence before generalising.