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(see Figure 10.4)
-The structure labeled number 1 in this illustration is known as a ____________________,which will develop into the ____________________ in males and into the ____________________ in females.
National Saving
The total saving of an economy, consisting of both private and public saving.
Public Saving
The difference between government tax revenues and government expenditures, often used to assess a government's financial health.
Closed Economy
An economic system that does not engage in international trade with other countries and relies solely on its own resources and internal market.
Budget Surplus
The condition where a government's revenues exceed its expenditures over a specific period of time.
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