What Is the Formula for National Saving

question 9

Multiple Choice

What is the formula for national saving?

• A)S = I + C
• B)S = I - NX
• C)S = I + NCO
• D)S = NX - NCO

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Definitions:

Remote Event

An event or condition with a very low chance of occurring, often considered insignificant in financial forecasting and analysis.

Probable Likelihood

This term refers to the high chance of occurrence or expectation that a specific event or outcome will happen.

Liability

Financial obligations or debts that a company or individual owes to others, required to be settled over time.

Accrual

Involves recording revenues and expenses when they are incurred, regardless of when cash transactions occur.