In a Closed Economy,if Y and T Remained the Same,but

question 56

Multiple Choice

In a closed economy,if Y and T remained the same,but G rose and C fell but by less than the rise in G,what would happen to private and national saving?

• A)private and national saving would rise
• B)private and national saving would fall
• C)private saving would rise and national saving would fall
• D)private saving would fall and national saving would rise

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Definitions:

Service Organizations

Companies offering non-physical services or products to their customers, rather than physical items.

Activity-Based Costing

A costing method that assigns overhead and indirect costs to related products and services based on their usage of resources.

Selling and Administrative Costs

Expenses related to the selling of products and the management of a business, exclusive of manufacturing costs.

Activity-Based Costing

A method in managerial accounting that assigns costs to products or services based on the activities that go into producing them.