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    Principles of Economics Study Set 1
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    Exam 21: Saving and Capital Formation
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    Where Y Is GDP, C Is Consumption, I Is Investment
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Where Y Is GDP, C Is Consumption, I Is Investment

Question 61

Question 61

Multiple Choice

Where Y is GDP, C is consumption, I is investment, (G ) is government spending, (T ) is net taxes, and there is no international trade, the government budget deficit equals:


A) T - G.
B) Y - G.
C) Y + T - G.
D) G  - T.

Correct Answer:

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