A Reduction in Private Saving (S)can Be Reflected in

question 68

Multiple Choice

A reduction in private saving (S) can be reflected in

• A)an increase in the budget deficit.
• B)an increase in investment.
• C)a reduction in net exports.
• D)all of the above

---

Definitions:

Developed Countries

Nations with high levels of industrialization, a high standard of living, and developed infrastructure.

Industrialization

The process by which an economy is transformed from primarily agricultural to one based on the manufacturing of goods, involving increased mechanization.

Per Capita GDP

A measure of the economic output of a nation per individual, calculated by dividing the country's gross domestic product by its total population.