The Difference Between Savings and Saving

question 287

Multiple Choice

The difference between savings and saving

• A)is nonexistent.
• B)is that savings occurs when consumption does not and saving is used to purchase consumption goods.
• C)is that savings is a stock concept and saving is a flow concept.
• D)is that savings is measured in real terms while saving is measured in nominal terms.

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Definitions:

British Empiricism

A philosophical viewpoint that emphasizes the role of sensory experience in the formation of ideas, stating that knowledge comes only or primarily from sensory experience.

Tabula Rasa

A theory suggesting that individuals are born without built-in mental content, and all knowledge comes from experience or perception.

Innate

Something that is present from birth, not learned or acquired through experience.

Distal Stimulus

The actual object or event out in the world that you perceive, existing independently of your perception of it.