Solved

Suppose That in a Closed Economy GDP Is Equal to 10,000

Question 32

Multiple Choice

Suppose that in a closed economy GDP is equal to 10,000, taxes are equal to 2500, consumption equals 6500, and government expenditures equal 2000. What is private saving?


A) 1500
B) 1000
C) 500
D) 0

Correct Answer:

verifed

Verified

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

Related Questions

Q27: What makes Y = C + I

Q27: Which of the following terms refers to

Q29: Which of the following best defines stock

Q31: Suppose that in a closed economy GDP

Q33: If you know that Alberta Dreams Corporation,

Q34: The country of Aquilonia does not trade

Q36: Which of the following best defines the

Q77: In a closed economy,what does (Y -

Q192: What are junk bonds?<br>A) Junk bonds are

Q252: If a share of stock in Skylight