In a Closed Economy, What Is Public Saving

question 203

Multiple Choice

In a closed economy, what is public saving?

• A) the amount of income that households have left after paying for taxes and consumption
• B) the amount of income that businesses have left after paying for the factors of production
• C) the amount of tax revenue that the government has left after paying for its spending
• D) the amount of total income minus total expenditure

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Definitions:

Testosterone

A steroid hormone that stimulates development of male secondary sexual characteristics, produced mainly in the testes but also in the ovaries and adrenal cortex.

Secondary Sex Characteristics

Physical traits that are not directly involved in reproduction but distinguish the sexes, such as breast development in females and beard growth in males.

Primary Sex Characteristics

The main organs and structures directly involved in reproduction.

Menarche

A primary sex characteristic in females; a female’s first menstrual period, which signals the ability to reproduce sexually.