In a Closed Economy,national Saving Equals

question 95

Multiple Choice

In a closed economy,national saving equals

• A)investment.
• B)income minus the sum of consumption and government purchases.
• C)private saving plus public saving.
• D)All of the above are correct.

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Definitions:

Hydrologic Cycle

The continuous movement of water on, above, and below the surface of the Earth, including processes such as evaporation, condensation, precipitation, and runoff.

Movement

The act or process of moving or being moved from one place, position, or state to another.

Water

A transparent, tasteless, odorless, and nearly colorless chemical substance that is essential for most forms of life and is the most widely used solvent.

Works Against Gravity

Describes processes or mechanisms that move materials or energies in a direction opposite to the force of gravity, often requiring additional energy input.