What Economists Call "Government Saving",or "Public Saving" Is the Same

question 105

Multiple Choice

What economists call "government saving",or "public saving" is the same as the

• A)government's actual budget surplus.
• B)difference between household saving and business saving.
• C)difference between household saving and private saving.
• D)dollar amount of bonds that the government holds at any given time.
• E)sum of the budget surplus and national saving.

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Definitions:

Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity demanded, typically downward sloping.

Widgets

A hypothetical or generic manufactured good often used in economic models and discussions.

Demand Elastic

The degree to which the demand for a product or service varies with its price. High elasticity indicates demand changes significantly with price changes.

Price Elasticity of Demand

An indicator of the sensitivity of the demand for a product to variations in its price.