National Saving in 2015 Was

question 131

Multiple Choice

National saving in 2015 was

• A)14.1 percent of GDP.
• B)1.4 percent of GDP.
• C)20.2 percent of GDP.
• D)31.3 percent of GDP.
• E)41.6 percent of GDP.

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Definitions:

Supplies Cost

The cost associated with items or materials used in the operation of a business or the production of goods.

Net Operating Income

A company's income after all operating expenses, excluding the effects of interest and taxes, have been deducted from total revenues.

Planning Budget

A budget prepared before the period begins, based on projected levels of activity; acts as a guideline for income, expenses, and financial goals.

Spending Variance

A measure indicating the disparity between what was anticipated to be spent and what was actually expended in financial terms.