Solved

Suppose That in a Closed Economy GDP Is Equal to 15,000

Question 97

Multiple Choice

Suppose that in a closed economy GDP is equal to 15,000, taxes are equal to 2500, consumption equals 7500, and government expenditures equal 3000. What is public saving?


A) -600
B) -500
C) 500
D) 600

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q15: If the nominal interest rate is 8

Q64: What is the source of the supply

Q83: Suppose that you are a broker and

Q94: If other things are the same, will

Q96: Table 8-1<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4795/.jpg" alt="Table 8-1

Q98: Assume that the bonds below have the

Q99: How is a perpetuity distinguished from other

Q100: Which of the following best characterizes the

Q102: In a closed economy, investment must be

Q102: In the past few years, the Canadian