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    Principles of Economics Study Set 7
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    Exam 26: Saving, Investment, and the Financial System
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    If an Economy Is Closed and If It Has No
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If an Economy Is Closed and If It Has No

Question 611

Question 611

Multiple Choice

If an economy is closed and if it has no government, then


A) national saving = private saving.
B) total income = consumption + investment.
C) saving = total income - consumption.
D) All of the above are correct.

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