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Suppose That in a Closed Economy GDP Is Equal to 30,000

Question 157

Multiple Choice

Suppose that in a closed economy GDP is equal to 30,000, taxes are equal to 5000, consumption is equal to 15000, and government expenditures are equal to 6200. What is public saving?


A) -1200
B) -1000
C) 1000
D) 1200

Correct Answer:

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