National Saving Is Defined as

question 19

Multiple Choice

National saving is defined as

• A)income less consumption and government purchases.
• B)income less consumption, government purchases, and investment.
• C)income less consumption.
• D)income less government purchases, investment, and net exports.
• E)income less consumption, government purchases, investment, and net exports.

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Definitions:

Austrian Empire

A centralized absolute monarchy in Central Europe from 1804 to 1867, which became the Austro-Hungarian Empire after the Compromise of 1867.

Multi-lingual

The ability of an individual or system to communicate effectively in multiple languages.

Italian Unification

The political and social movement that consolidated different states of the Italian peninsula into the single state of Italy in the 19th century.

Political Structures

The organizational frameworks and institutions through which societies govern and make decisions.