Saving Is

question 10

Multiple Choice

Saving is

• A) the amount one does not consume in a given period of time while savings is the accumulation of past periods of saving.
• B) the accumulation of past periods of savings while savings is the amount of disposable income that is not consumed in a given period of time.
• C) the difference between real GDP and disposable income while savings is the difference between disposable income and consumption spending.
• D) the difference between disposable income and spending on goods and services while savings is the difference between real GDP and disposable income.

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Definitions:

Intersectionality

A framework for understanding how aspects of a person's social and political identities (gender, race, class, sexuality, ability, etc.) combine to create different modes of discrimination and privilege.

Mary Calkins

An influential American psychologist and philosopher, notable for being the first woman to serve as president of the American Psychological Association.

U.S. Psychology

The study, practice, and application of psychological principles within the context of the United States, influenced by the country's culture, legislation, and historical events.

Conservatism

A political and social philosophy promoting traditional institutions and practices, emphasizing stability and continuity.