Planned Investment Equals Saving

question 188

Multiple Choice

Planned investment equals saving:

• A)at all levels of GDP.
• B)at all below-equilibrium levels of GDP.
• C)at all above-equilibrium levels of GDP.
• D)only at the equilibrium GDP.

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Definitions:

Balance

A balance in financial terms refers to the amount of money or value remaining in an account, or the equality between the sum of debits and credits in an accounting record.

Accounts Receivable

Funds that customers owe a company for goods or services that have already been delivered or utilized, but payment has not yet been received.

Fees Earned

Income earned by a company for services provided to clients, usually recorded as revenue in the income statement.

Accounts Payable

Liabilities to creditors for goods and services received that have not yet been paid for.