Private savings is equal to: a. After-tax income less consumption b. Taxes less government spending on goods and services c. The total amount of savings accounts plus stock and bonds owned by households

The correct answer is letter "A": After-tax income less consumption.

Explanation:

When disposable income or after-tax income is deducted from the households' consumption the result is considered the nation's private savings. The result can sometimes be negative if consumption in a country is higher than the income households perceive. However, in front of those situations, the government tends to intervene to balance the economy.