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

Question 173

Multiple Choice

Suppose that in a closed economy GDP is equal to 11,000,taxes are equal to 3500,consumption is equal to 6500,and government expenditures are equal to 2000.What is private saving?


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

Correct Answer:

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