An Increase in Savings Can Be Brought About

question 34

Multiple Choice

An increase in savings can be brought about

• A) by increased total factor productivity.
• B) by increased consumption per worker.
• C) in the short run only.
• D) through government policy.
• E) by increased labour supply.

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Definitions:

Net Income

The amount of money a business keeps after deducting all expenditures and taxes from its overall revenue.

Average Number

A mathematical concept that represents the central or typical value in a set of numbers, calculated by dividing the sum of all values by the count of numbers.

Current Assets

Assets owned by a company that are expected to be converted into cash, sold, or consumed within a year or within the operating cycle.

Gross Profit

The difference between total revenue and the cost of goods sold, before deducting any selling, administrative, or other expenses.