People in the Working Class Include Corporate Executives and Managers

question 61

True/False

People in the working class include corporate executives and managers, high government officials, owners of large businesses, physicians, and successful lawyers and stockbrokers.

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Definitions:

National Saving

Refers to the sum of private savings and government surplus, an important indicator of a country's ability to invest in its future.

Real Exchange Rate

The relative price of the goods and services of one country compared to those of another when expressed in a common currency.

Foreign Currency

Money or other forms of financial assets denominated in the currency of a country that is not the domestic country of the holder.

National Saving

The total amount of savings in a country, which is comprised of both private savings by households and the savings of the government, representing the difference between a nation’s income and consumption.