If National Saving in a Closed Economy Is Greater Than $Y - C - G > 0$

question 44

Multiple Choice

If national saving in a closed economy is greater than zero,which of the following must be true?

• A)Either public saving or private saving must be greater than zero.
• B)Investment is positive.
• C) \(Y - C - G > 0\)
• D)All of the above are correct.

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Definitions:

Direct Labor-Hours

Direct labor-hours refer to the total hours worked by employees directly involved in producing a product.

Spending Variance

The difference between the budgeted amount of spending and the actual amount spent.

Actual Cost

The real, total expenses incurred for a project or production, including all direct and indirect costs.

Plane Operating Costs

The expenses associated with the operation of an aircraft, including fuel, maintenance, crew salaries, and depreciation.