The Measure of Saving in the National Income and Product

question 11

Multiple Choice

The measure of saving in the National Income and Product Accounts includes

• A)capital gains on stocks,bonds,houses,and other assets.
• B)purchases of consumer durables.
• C)nominal interest payments which households receive from corporations.
• D)all of the above.

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Definitions:

Creditor Beneficiary

A creditor beneficiary is a third party that benefits from a contract in which one party (the promisor) agrees to pay a debt owed to the beneficiary by the other party (promisee).

Incidental Beneficiary

A third party who might benefit from a contract between two other parties but does not have legal rights to enforce the contract terms.

Assignment

The transfer of rights, duties, or property from one party to another, often used in the context of contracts or real estate.

Third-Party Beneficiary

An individual or entity that is not directly involved in a contract but stands to benefit from it as specified by the contracting parties.