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In a Closed Economy,public Saving Is Equal to Which of the Following

Question 19

Multiple Choice

In a closed economy,public saving is equal to which of the following? (Y = GDP,C = Consumption,G = Government purchases,T = Taxes,and TR = Transfers)

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

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