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  3. Study Set
    Principles of Macroeconomics Study Set 8
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    Exam 13: Saving Investment and the Financial System: Saving and Investment in the National Income Accounts
  5. Question
    Suppose That in a Closed Economy GDP Is Equal to 11,000,taxes
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Suppose That in a Closed Economy GDP Is Equal to 11,000,taxes

Question 7

Question 7

Multiple Choice

Suppose that in a closed economy GDP is equal to 11,000,taxes are equal to 1,000,consumption equals 7,500,and government purchases equal 2,000.What is national saving?


A) -500
B) 500
C) 2,000
D) None of the above is correct.

Correct Answer:

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