Public Saving Is Positive When

question 23

Multiple Choice

Public saving is positive when:

• A)there is a government budget surplus.
• B)after-tax income of households and businesses is less than consumption expenditures.
• C)the government's budget is balanced.
• D)after-tax income of households and businesses is greater than consumption expenditures.

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Definitions:

Revolutionary Nationalism

A political ideology that combines the desire for self-determination or independence with the transformation of society based on nationalist ideals.

World War II

A global conflict that lasted from 1939 to 1945, involving most of the world's nations and resulting in significant territorial changes and millions of casualties.

Asia

The largest continent on Earth, located primarily in the Eastern and Northern Hemispheres, known for its vast diversity in cultures, languages, and environments, housing both the highest and lowest points on the surface of the Earth.

Africa

The second largest continent in the world, known for its vast diversity in cultures, languages, and ecosystems.