The Saving Rate in an Economy Equals ________

question 153

Multiple Choice

The saving rate in an economy equals ________.

• A) GDP minus aggregate consumption
• B) GDP divided by aggregate saving
• C) aggregate saving multiplied by GDP
• D) aggregate saving divided by GDP

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Definitions:

Collective Social Forces

The combined influence of societal institutions, structures, and processes that shape individual and group behavior.

Culture

The shared values, beliefs, norms, customs, arts, history, and behaviors of a group of people that define their societal way of life.

Enlightenment

A historical period and intellectual movement in the 17th and 18th centuries emphasizing reason, individualism, and skepticism of traditional doctrines.

Critical Thinking

The intellectually disciplined process of actively and skillfully conceptualizing, applying, analyzing, synthesizing, and/or evaluating information.