If the Personal Saving Rate Is 20% and Personal Saving

question 185

Multiple Choice

If the personal saving rate is 20% and personal saving is $20 billion, the value of personal disposable income is

• A) $4 billion.
• B) $20 billion.
• C) $100 billion.
• D) $400 billion.

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Definitions:

Cattell-Horn-Carroll

A comprehensive theory of cognitive abilities that integrates two previously separate theories into a hierarchy of intelligence factors.

Integrated Model

A comprehensive approach that combines multiple theories or perspectives to provide a more complete understanding or address complex problems.

General Intelligence

The theory that a single factor of intelligence, known as "g", underlies individual abilities in various cognitive tasks.

Specific Abilities

Distinct talents or competencies in particular areas, such as mathematical reasoning or verbal communication.