National Saving Is Defined as the Amount of

question 80

Multiple Choice

National saving is defined as the amount of

• A) business saving.
• B) business saving and household saving.
• C) household saving.
• D) private saving and government saving.

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Definitions:

Public Assistance Programs

Government programs that pay benefits to those who are unable to earn income (because of permanent disabilities or because they have very low income and dependent children); financed by general tax revenues and viewed as public charity (rather than earned rights).

Social Insurance Programs

Government-sponsored programs that provide financial assistance to individuals in events of unemployment, disability, or old age, funded through payroll taxes.

Incidence of Poverty

Refers to the proportion or rate at which poverty affects a population, typically measuring how widespread poverty is within a certain group or area.

African Americans

A demographic group in the United States characterized by ancestry from sub-Saharan Africa.