Multiple Choice
Suppose the economy is closed and consumption is 6,500, taxes are 1,500, and government purchases are 2,000. If national saving amounts to 1,000, then what is GDP?
A) 9,500
B) 10,000
C) 10,500
D) 11,000
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q3: Suppose the market for loanable funds
Q4: When a country saves a larger portion
Q8: Figure 13-2. The figure depicts a supply-of-loanable-funds
Q9: Figure 13-3. The figure shows two demand-for-loanable-funds
Q16: Which of the following statements about mutual
Q19: In national income accounting,we use which of
Q23: Who accepts all of the risk associated
Q78: Which of the following is both a
Q88: In which case would people desire to
Q124: Which of the following is an example