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Suppose That in a Closed Economy GDP Is Equal to 11,000

Question 72

Multiple Choice

Suppose that in a closed economy GDP is equal to 11,000, taxes are equal to 1,500, consumption equals 7,500, and government purchases equal 2,000. What is national saving?


A) -500
B) 0
C) 2,000
D) None of the above is correct.

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