Multiple Choice
In a closed economy,if Y is 10,000,T is 1,000,G is 3,000,and C is 5,000,then
A) the government has a budget surplus and investment is 1,000
B) the government has a budget surplus and investment is 2,000
C) the government has a budget deficit and investment is 1,000
D) the government has a budget deficit and investment is 2,000
Correct Answer:
Verified
Correct Answer:
Verified
Q25: The purchase of a new house is
Q26: The country of Yokovia does not trade
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
Q31: The country of Growpaw does not trade
Q32: If in a closed economy Y =
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