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:

Personal Effort

The amount of energy, time, or commitment one puts into an activity or task to achieve desired results or goals.

Organizational Effort

The collective energy, work, and actions employees put into achieving the objectives and goals of their organization.

Passive-Aggressive

A defensive mechanism where individuals express negative feelings, resentment, or aggression in indirect ways instead of openly addressing them.

Red Tape

Excessive bureaucracy or adherence to rules and formalities, often hindering decision-making and efficient operation.