In a Closed Economy,national Saving Equals

question 95

Multiple Choice

In a closed economy,national saving equals

• A)investment.
• B)income minus the sum of consumption and government purchases.
• C)private saving plus public saving.
• D)All of the above are correct.

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Definitions:

Moral Development

The process through which individuals develop proper attitudes and behaviors toward other people in society, based on social and cultural norms, rules, and laws.

Social Responsibility

The ethical framework suggesting that an entity, be it an organization or individual, has an obligation to act for the benefit of society at large.

Lawrence Kohlberg

A psychologist best known for his theory of stages of moral development, which describes the progression of moral reasoning through different stages.

Agnosia

A condition where a person is unable to recognize and identify objects or persons despite having normal sensory functions.