“accounts for the difference” means that when remaining numbers are taken into account, they cover the difference.
What does account for mean in a question?
phrasal verb. If you can account for something, you can explain it or give the necessary information about it.
What accounts for the wide range of savings rates in different countries?
What do you think accounts for the wide range of savings rates in different countries? Savings rates vary from country to country because of different time preferences among individuals. Some people prefer to save today for future consumption and some people prefer to save in future and consume today.
Is accounted for meaning?
When something “is accounted for”, it means that you know where it is. You usually use this phrase to talk about a group of things, like all of the students in your class: Everyone’s accounted for. This means that you know where everyone is.
Is there any difference between account and accounting?
The difference between Account and Accounting. When used as nouns, account means a registry of pecuniary transactions, whereas accounting means the development and use of a system for recording and analyzing the financial transactions and financial status of a business or other organization.
Are accounted for meaning?
When something “is accounted for”, it means that you know where it is. You usually use this phrase to talk about a group of things, like all of the students in your class: The phrase “make sure ___ is accounted for” is common, so you might want to memorize both parts of it together.
Which country has the lowest rate of savings?
Countries with the Lowest Savings Rates
- Denmark: -4.06%
- Finland: 0.82%
- Japan: 2.42%
- Spain: 2.88%
- Estonia: 2.93%
