Which of the Following Statements Is Correct

question 70

Multiple Choice

Which of the following statements is correct?

• A)The total income in the economy that remains after paying for consumption and government purchases is called private saving.
• B)The sum of private saving and national saving is called public saving.
• C)For a closed economy,the sum of private saving and public saving must equal investment.
• D)For a closed economy,the sum of consumption,national saving,and taxes must equal GDP.

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Definitions:

Cultural Heritages

The legacy of physical artifacts and intangible attributes of a group or society inherited from past generations, including customs, practices, places, objects, artistic expressions, and values.

Obesity

A medical condition characterized by excessive body fat accumulation, which poses a risk to health.

Caucasian

A term historically used to describe a race or group of peoples from a broad region including Europe, North Africa, the Horn of Africa, Western Asia, Central Asia, and South Asia.

Hispanic

Referring to people, cultures, or countries related to Spain or Spanish-speaking Latin America.