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:

Autonomy

Ability or tendency to function independently.

Responsibility

Carrying out duties associated with a particular role.

Team Nursing

Decentralized system in which the care of a patient is distributed among the members of a team. The charge nurse delegates authority to a team leader, who must be a professional nurse.

Nursing Care Model

A systematic approach to organizing and delivering nursing care, focusing on the patient's individual needs.