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:

Amygdala

A section of the brain that is primarily involved in emotional processes, including fear and pleasure responses.

Advance Thought

The process of thinking ahead or planning for future events, strategies, or innovations.

Regulate Behavior

The process of controlling or guiding actions and responses according to rules, norms, or laws.

Express Oneself

The act of conveying thoughts, feelings, or ideas to others through speech, writing, or artistic expression.