Which of the Following Statements Is Correct

question 70

Multiple Choice

Which of the following statements is correct?

• A)The total income in the economy that remains after paying for consumption and government purchases is called private saving.
• B)The sum of private saving and national saving is called public saving.
• C)For a closed economy,the sum of private saving and public saving must equal investment.
• D)For a closed economy,the sum of consumption,national saving,and taxes must equal GDP.

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Definitions:

Adler

Alfred Adler, an Austrian medical doctor and psychotherapist known for his development of Individual Psychology, which emphasizes the importance of feelings of inferiority and the creative power of the individual to shape his or her life.

Defense Mechanism

Psychological strategies brought into play by the unconscious mind to manipulate, deny, or distort reality in order to defend against feelings of anxiety and unacceptable impulses.

Repression

is a psychological defense mechanism where distressing thoughts, memories, or feelings are unconsciously pushed out of conscious thought.

Psychoanalyst

A therapist who uses Freudian methods of talking therapy to uncover and interpret the unconscious motivations that influence behavior.