Multiple Choice
Suppose that in a closed economy GDP is equal to 22,000, taxes are equal to 7000, consumption is equal to 13,000, and government expenditures are equal to 4000. What is private saving?
A) 0
B) 1000
C) 2000
D) 3000
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q153: Which term refers to the length of
Q154: In a closed economy, what does national
Q155: Which term refers to the profits paid
Q156: Suppose a small closed economy has GDP
Q157: Suppose that in a closed economy GDP
Q159: Other things the same, the higher the
Q160: Which bond is most likely to default?<br>A)
Q161: Suppose Suncor Energy sells a bond. What
Q162: You have two sets of estimates of
Q163: Corporate bonds generally have higher interest rates