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:

Theory Of Planned Behaviour

The Theory of Planned Behaviour is a psychological theory that links beliefs and behavior, suggesting that an individual’s behavior is driven by their intentions, attitudes, subjective norms, and perceived control over the behavior.

Theory Of Reasoned Action

A psychological model asserting that an individual's intention to engage in a behavior is a primary determinant of that action, influenced by attitudes towards the behavior and subjective norms.

Predict A Person's Behaviour

The process of forecasting an individual's actions based on observations, patterns, or knowledge about their past behavior or predispositions.

Fishbein

Refers to the Fishbein model, a theory of attitude formation and change, named after psychologist Martin Fishbein.