National Saving Is

question 25

Multiple Choice

National saving is:

• A) private saving.
• B) public saving.
• C) private saving plus public saving.
• D) private saving minus public saving.

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Definitions:

Inverse Supply

A concept in economics where the supply curve is expressed as a function of price rather than quantity supplied.

Tax

A compulsory financial charge or levy imposed by a government on individuals or entities to fund government spending and various public expenditures.

Supply Curve

A graphical representation of the relationship between the price of a good and the quantity of the good supplied.

Vertical

Referring to the direction pointing up or down, perpendicular to the horizontal plane.