According to Keynesian Theory, the Most Important Determinant of Saving

question 115

Multiple Choice

According to Keynesian theory, the most important determinant of saving and consumption is

• A)the level of real disposable income.
• B)the stock of liquid assets.
• C)the stock of durable goods in the consumer's possession.
• D)the level of consumer indebtedness.

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Definitions:

Fertility Rates

The average number of children born to a woman over her lifetime within a population.

Developing Countries

Nations with a lower level of industrialization, lower standards of living, and lower Human Development Index (HDI) compared to developed countries.

Women Employment

The participation of women in the workforce, contributing to various sectors and roles across the economy.

Low-Income Countries

Nations with a gross national income (GNI) per capita significantly lower than the global average.