The Three Broad Reasons for Saving, as Identified by Economists

question 99

Multiple Choice

The three broad reasons for saving, as identified by economists, relate to:

• A)consumption, investment, and exports.
• B)national, public, and private production.
• C)the life-cycle, precaution, and bequests.
• D)capital gains, capital losses, and deficits.

---

Definitions:

Population Random Variable

A variable that incorporates the randomness from a population and is used for probability distributions in statistical calculations.

Ch-Squared Distribution

A statistical distribution describing the sum of the squares of variables that follow a standard normal distribution; often used in hypothesis testing.

Degrees of Freedom

The number of independent values or quantities which can be assigned to a statistical distribution or test without violating any constraints.

Confidence Interval

An estimated range of values calculated from a sample that is likely to cover the true population parameter with a certain level of confidence.