Multiple Choice
Suppose that in a closed economy GDP is equal to 20,000,consumption equal to 15,000,government purchases equal 4,000 and taxes equal 3,000.What are private saving,public saving,and national saving?
A) -2,000,1,000,and 2,000,respectively.
B) 1,000,2,000,and 3,000,respectively.
C) 2,000,-1,000,and 1,000,respectively.
D) 2,000,1,000,and 2,000,respectively.
Correct Answer:

Verified
Correct Answer:
Verified
Q49: Scenario 26-1.Assume the following information for an
Q50: When the government's budget deficit increases<br>A)the government
Q51: The fictional country of Alpetra increases the
Q52: Scenario 26-3.Assume the following information for an
Q53: Suppose a closed economy had public saving
Q55: Which of the following would a macroeconomist
Q56: In a closed economy,if Y and T
Q57: You have some estimates of national accounts
Q58: In a closed economy,what does (T -
Q59: Which of the following equations represents GDP