Consider Three Imaginary Countries

question 80

Multiple Choice

Consider three imaginary countries.In Aziria,saving amounts to $3,000 and consumption amounts to $7,000;in Graniva,saving amounts to $2,000 and consumption amounts to $8,000;and in Tanistan,saving amounts to $4,500 and consumption amounts to $10,500.The saving rate is

• A)higher in Aziria than in Tanistan,and it is higher in Tanistan than in Graniva.
• B)higher in Graniva than in Tanistan,and it is higher in Tanistan than in Aziria.
• C)higher in Tanistan than in Graniva,and it is the same in Graniva and Aziria.
• D)higher in Aziria than in Graniva,and it is the same in Aziria and Tanistan.

---

Definitions:

Sale Of Land

A transaction involving the transfer of ownership of land property from one party to another.

Loss

A financial condition where expenses exceed revenue, resulting in a negative profit for a business.

Income Statement

An income statement is a financial statement that reports a company's financial performance over a specific accounting period, detailing revenues, expenses, and profits or losses.

Net Income

The net income a company generates once it subtracts all costs and taxes from its total earnings.