National Saving in 2015 Was

question 131

Multiple Choice

National saving in 2015 was

• A)14.1 percent of GDP.
• B)1.4 percent of GDP.
• C)20.2 percent of GDP.
• D)31.3 percent of GDP.
• E)41.6 percent of GDP.

---

Definitions:

Tax Burden

The total amount of tax levied on an individual or entity, indicating the actual economic impact of taxation on wealth.

Tax Imposed

A financial charge or levy placed by a government on an individual or an entity to fund public expenditures.

Buyer Pays

A pricing term indicating that the purchaser is responsible for the cost of goods, shipping, and any additional expenses associated with the purchase.

Tax Incidence

Describes how the burden of a tax is distributed between buyers and sellers, depending on the relative elasticities of supply and demand.