In a Closed Economy,what Is the Relationship Between Saving and Investment

question 227

Multiple Choice

In a closed economy,what is the relationship between saving and investment?

• A)Saving is greater than investment.
• B)Investment is greater than saving.
• C)Investment is equal to saving.
• D)Investment may be greater or smaller than saving.

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Definitions:

One-way ANOVA

A statistical test that compares the means of three or more independent groups using variance analysis.

Null Hypothesis

A statement in statistics that indicates no significant difference or effect, serving as the default assumption to be tested against the alternative hypothesis.

One-way ANOVA

A statistical method employed to ascertain whether there are any meaningful differences in the averages of three or more separate groups.