MACRO CHAPTER 8 TEST QUESTIONSChapter 08Saving, Capital Formation, and Financial Markets Multiple Choice Questions1.Saving equals:A.current spending minus current income.B.wealth minus assets.C.assets minus liabilities.D.current income minus spending on current needs.2.Current income minus spending on current needs equals:A.saving.B.wealth.C.transfers.D.investment.3.The saving rate equals saving divided by:A.wealth.B.assets.C.lia