Saving Represents

question 317

Multiple Choice

Saving represents

• A) a source of funds for business investment.
• B) a normal part of the circular flow of income and output.
• C) an injection to the circular flow of income and output.
• D) a counter-example to Say's law that the classical economists never considered.

---

Definitions:

Limited Income

Income that is not sufficient to meet the minimum standard of living or personal financial needs.

Total Product Curve

Illustrates the total output of a good or service produced by a firm as a function of the input used.

Process Innovation

An improvement in the methods or technologies used in the production of goods and services, aimed at increasing efficiency or quality.