Saving

question 258

Multiple Choice

Saving

• A)slows growth because it decreases consumption.
• B)finances investment which brings capital accumulation.
• C)has no impact on economic growth.
• D)is very low in most East Asian nations.
• E)is important for a country to gain the benefits of international trade.

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Definitions:

Invested

The act of allocating resources, often money, into something to earn a financial return or achieve another economic benefit.

Annually

Refers to an occurrence or calculation done once every year.

Stamp Collection

A hobby involving the collection and study of postage stamps, often regarded as a form of historical and artistic interest.

Valued

Considered to hold importance, worth, or usefulness in a particular context.