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.

---

Definitions:

Field Experiments

Research studies conducted in natural settings outside the laboratory to explore the empirical effects of variables.

Correlational Study

A method of research involving the measurement of two or more variables to determine if there is a relationship between them.

Cause And Effect

The relationship between events or things, where one is the result of the other or others.

Accomplice

A person who knowingly assists in the commission of a crime, either before or during the act.