How Does a Change in Government Budget Affect National Saving

question 58

Multiple Choice

How does a change in government budget affect national saving?

• A) An increase in budget deficit increases national saving.
• B) An increase in budget surplus increases national saving.
• C) A decrease in budget surplus increases national saving.
• D) A decrease in budget deficit does not affect national saving.

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Definitions:

Internal Control

Processes and procedures implemented by a firm to safeguard assets, enhance the reliability of financial reports, and ensure compliance with laws and regulations.

NSF

An acronym standing for "Non-Sufficient Funds," indicating that a check cannot be honored due to inadequate funds in the payer's account.

Internal Control

Internal Control refers to the processes and procedures implemented by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.

Task Responsibility

Assignment of accountability and authority to a person or team for the completion of a specific task or project component.