On a Graph with X on the Horizontal Axis and Y

question 50

Multiple Choice

On a graph with x on the horizontal axis and y on the vertical axis, the origin is

• A)the point where x = 0 and y = 0
• B)any point where x = 0
• C)any point where y = 0
• D)where a curve intersects the vertical axis
• E)where a curve intersects the horizontal axis

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Definitions:

Personal Savings Rate

The percentage of personal disposable income that is saved by households rather than spent on consumption.

Current Account Deficit

A current account deficit occurs when a country's total imports of goods, services, and transfers are greater than its total exports, indicating it is spending more on foreign trade than it is earning.

Gold Standard

A monetary system in which a country's currency or paper money has a value directly linked to gold.

Balance Of Trade

The difference between the value of a country's exports and the value of its imports. A positive balance indicates a surplus, while a negative balance indicates a deficit.