Suppose That National Saving Is $1456 Billion,investment Is $1945 Billion,and

question 47

Multiple Choice

Suppose that national saving is $1456 billion,investment is $1945 billion,and private saving is $1590 billion.How much is the current account balance?

• A)$489 billion
• B)$221 billion
• C)-$221 billion
• D)-$489 billion

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Definitions:

Cognitive Development

The process by which individuals acquire and evolve their abilities in thinking, reasoning, and understanding throughout their lives.

Occurs Daily

Events or actions that happen or are performed every single day.

Occurs in Stages

A phrase describing processes or developments that unfold in sequential phases over time, each stage building on the previous one.

Pointing

The act of extending a finger or other pointer to direct attention to a specific object, location, or direction.