National Saving Is Done By

question 24

Multiple Choice

National saving is done by:

• A)only households.
• B)only businesses.
• C)only governments.
• D)households, businesses, and governments.

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Definitions:

Direct Labour Expense

The total cost of all the labour directly involved in the production of goods or services.

Manufacturing Overhead

All indirect costs associated with manufacturing, excluding direct materials and direct labor costs.

Conversion Costs

The costs incurred to convert raw materials into finished goods, including direct labor and manufacturing overhead expenses.

Outdoor Furniture

Furniture specifically designed and manufactured to withstand outdoor conditions, used in gardens, patios, and other exterior areas.