In a Closed Economy, Public Saving Is the Amount of

question 97

Multiple Choice

In a closed economy, public saving is the amount of

• A)income that households have left after paying for taxes and consumption.
• B)income that businesses have left after paying for the factors of production.
• C)tax revenue that the government has left after paying for its spending.
• D)spending that the government undertakes in excess of the taxes it collects.