In a Closed Economy, Private Saving, , Is Equal

question 44

Multiple Choice

In a closed economy, private saving, , is equal to

• A) I - (G -
• T).
• B) I + (G -
• T).
• C) I + (G +
• T).
• D) I - (G +
• T).
• E) I + (G -
• T) + C.

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Definitions:

Social Rules

Implicit or explicit guidelines that govern behavior within a group or society.

Feelings of Equity

Perceptions of fairness in treatment, rewards, and workload among individuals or groups.

Need for Achievement

The drive to excel, to achieve in relation to a set of standards, and to strive to succeed.

Affiliation

The connection or association between individuals or organizations based on shared interests or goals.