In a Closed Economy, Public Saving Is the Amount of

question 97

Multiple Choice

In a closed economy, public saving is the amount of

• A)income that households have left after paying for taxes and consumption.
• B)income that businesses have left after paying for the factors of production.
• C)tax revenue that the government has left after paying for its spending.
• D)spending that the government undertakes in excess of the taxes it collects.

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Definitions:

Mental Activities

Processes and tasks that involve the use of the mind, such as thinking, reasoning, problem-solving, memory, and perception.

Memorizing State Capitals

The act of learning and remembering the capital cities of states in a country.

Phonetic Method

A method for learning to read in which children decode the sounds of words via their knowledge of the sounds of letters and letter combinations.

Cue

A signal or prompt that triggers a response or indicates the presence of something else.