What Is an Activity Output Measure

question 35

Multiple Choice

What is an activity output measure?

• A)the activities performed
• B)the number of people performing the activities
• C)the time and resources required to perform the activities
• D)the number of time an activity is performed

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Definitions:

Private Saving

The portion of households' income that is not spent on consumption but saved for future use.

Loanable Funds

The sum of money available for borrowing, influenced by savings and investments, within an economy at any given time.

National Saving

The total amount of saving in a country, equal to the sum of private and public saving, representing the national income not spent on consumption or government expenditure.

Public Saving

The portion of a government's budget surplus, which is the difference between tax revenues and government spending.