In a Closed Economy, Private Saving Is

question 176

Multiple Choice

In a closed economy, private saving is

• A)the amount of income that households have left after paying for their 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)always equal to investment.

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Definitions:

Nonreproductive

Pertaining to functions or behaviors not directly involved in the process of reproduction.

Sepal

One of the outermost parts of a flower, usually green and leaf-like, that protects the developing flower.

Leaflike

Having the appearance or characteristics of a leaf.