In a Closed Economy, Private Saving Is

question 176

Multiple Choice

In a closed economy, private saving is

• A)the amount of income that households have left after paying for their taxes and consumption.
• B)the amount of income that businesses have left after paying for the factors of production.
• C)the amount of tax revenue that the government has left after paying for its spending.
• D)always equal to investment.

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Definitions:

Photosynthesis

A process by which green plants and some other organisms use sunlight to synthesize foods from carbon dioxide and water. Photosynthesis in plants generally involves the green pigment chlorophyll and generates oxygen as a by-product.

Oxygen Atoms

Fundamental components of molecules, essential for respiration in organisms and a key element in the Earth's atmosphere.

Proton Gradient

The gradient of hydrogen ions (protons) across a membrane, which is a form of potential energy used for ATP production in cells.

Photosynthesis

The process by which green plants, algae, and some bacteria transform light energy into chemical energy stored in glucose, using carbon dioxide and water and releasing oxygen as a byproduct.