National Saving Is Defined as the Amount of

question 50

Multiple Choice

National saving is defined as the amount of

• A) business saving.
• B) household saving.
• C) business saving and household saving.
• D) private saving and government saving.

---

Definitions:

Expertise

Specialized knowledge or skill in a particular field, gained through experience, education, or training.

Spoils System

A practice where a political party, after winning an election, gives government jobs to its supporters as a reward and incentive.

Political Economy

An interdisciplinary field that examines the relationship between politics and economics, including how political institutions, the political environment, and the economic system influence each other.