In a Closed Economy, What Is Private Saving

question 143

Multiple Choice

In a closed economy, what is private saving?

• A) the amount of income that households have left after paying for their taxes and consumption
• B) the amount of income that businesses have left after paying for the factors of production
• C) the amount of tax revenue that the government has left after paying for its spending
• D) the amount of tax revenue that the government has left after paying for transfers

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Definitions:

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The study of how humans grow, develop, and change throughout the life span.

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A research method that involves analyzing data from a population, or a representative subset, at a specific point in time.