Which of the Following Expressions Must Be Equal to National

question 12

Multiple Choice

Which of the following expressions must be equal to national saving for a closed economy?

• A)Y - I - G - NX
• B)Y - C - G
• C)Y - I - C
• D)G + C - Y

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Definitions:

Social Stratification

The hierarchical arrangement and classification of individuals or groups in society based on wealth, income, social status, occupation, or other criteria.

Marx

Refers to Karl Marx, a 19th-century philosopher, economist, and revolutionary, best known for his theories about capitalism and communism.

Weber

Max Weber, a German sociologist, philosopher, and political economist known for his theories on the structure of society, bureaucracy, and the nature of authority.

Status Attainment Model

A sociological perspective that explains an individual's position within society based on educational achievement, occupational status, and other factors.