Why Was the Soviet Union Immune to the Great Depression

question 19

Multiple Choice

Why was the Soviet Union immune to the Great Depression?

• A) Japan and China greatly supported its economy.
• B) Its trade connections with Europe were very strong.
• C) It had huge reserves of capital.
• D) It had already abandoned capitalism.

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Definitions:

Investment Charges

Fees and expenses associated with investing in various types of investment vehicles, like mutual funds or stocks.

Public Saving

The difference between a government's total revenue and its total expenditures, reflecting the surplus or deficit in the public sector's budget.

Private Saving

Private saving is the portion of households' and businesses' income that is not spent on consumption or paying taxes, and is instead saved for future use.

National Saving

The total saving of an economy, consisting of both private saving (by households and businesses) and public saving (government surplus).