If a Government Has a Budget Surplus,then Public Saving

question 77

Multiple Choice

If a government has a budget surplus,then public saving

• A)is positive and increases national saving.
• B)is positive but decreases national saving.
• C)is negative and decreases national saving.
• D)is negative but increases national saving.

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Definitions:

Partnership Liquidation

The process of winding up a partnership's operations, distributing its assets to creditors and shareholders, and terminating its existence.

Legal Action

A formal proceeding in a court of law where a party seeks a legal remedy, such as the enforcement of rights, redress of grievances, or settlement of disputes.

Unpaid Debts

Liabilities or amounts owed that have not yet been paid or settled.

Liquidation Expenses

Costs associated with the process of dissolving a company, including paying off debts and distributing remaining assets to shareholders.