Multiple Choice
If in a closed economy Y = $11 trillion,which of the following combinations would be consistent with national saving of $3 trillion?
A) C = $8 trillion,G = $3 trillion
B) C = $13 trillion,G = -$1 trillion
C) C = $9 trillion,G = $5 trillion
D) C = $7 trillion,G = $1 trillion
Correct Answer:

Verified
Correct Answer:
Verified
Q27: For a closed economy,GDP is $18 trillion,consumption
Q28: Net exports must equal zero for any
Q29: The country of Bienmundo does not trade
Q30: In a closed economy,if Y is 10,000,T
Q31: The country of Growpaw does not trade
Q33: For a closed economy,GDP is $12 trillion,consumption
Q34: Mandy purchases 68.2 shares of a mutual
Q35: In a closed economy,national saving is<br>A)usually greater
Q36: You observe a closed economy that has
Q37: Jim buys a $1000 bond from ABC