To State That Public Saving Is Equal to Investment, for a Closed

question 53

True/False

To state that public saving is equal to investment, for a closed economy, is to state an accounting identity.

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Definitions:

Capital Deepening

An increase in the amount of capital per worker; one source of rising labor productivity.

Capital Per Worker

A ratio measuring the amount of capital available to each worker, often used as an indicator of labor productivity.

Developed Country

A nation with a high level of industrialization, a high standard of living, and a well-developed infrastructure.

Pakistan

A country in South Asia, bordered by India, Afghanistan, Iran, and China, with Islamabad as its capital.