In a Closed Economy, What Is Private Saving

question 87

Multiple Choice

In a closed economy, what is private saving?

• A)the amount of income that households have left after paying for their taxes and consumption
• B)the amount of income that businesses have left after paying for the factors of production
• C)the amount of tax revenue that the government has left after paying for its spending
• D)always equal to investment

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Definitions:

Weight-Bearing Exercise

Physical activities that require one to support their own body weight, such as walking, running, or lifting weights, which help in strengthening bones and muscles.

Vitamin D

A fat-soluble vitamin that's critical for bone health and immune function, obtained through sun exposure, diet, and supplements.

Sodium Intake

The amount of sodium, a mineral essential for bodily functions, consumed through diet.

Body Mass Index

A numerical value derived from a person's weight and height, used to indicate if a person is underweight, normal weight, overweight, or obese.