In a closed economy, GDP is $1000, government purchases are $200, and consumption is $700.
A.Suppose that in a closed economy GDP is equal to 10,000, taxes are equal to 2,500 Consumption equals 6,500 and Government expenditures equal 2,000. What are private saving, public saving, and national saving
B.1000, 500, 1500
C.500, 1500, 1000
D.None of the above are correct.
A.Suppose that in a closed economy GDP is equal to 10,000, taxes are equal to 2,500 Consumption equals 6,500 and Government expenditures equal 2,000. What are private saving, public saving, and national saving
B.1000, 500, 1500
C.500, 1500, 1000
D.None of the above are correct.
A、national saving
B、government tax revenue
C、public saving
D、private saving
A.$3700
B.$3900
C.$5100
D.$5500
A.increase, not change
B.increase, increase
C.increase, decrease
D.decrease, increase
In order to stimulate the domestic economy, the government has ______ to reduce imports.
A.pledged
B.resorted
C.suggested
D.hesitated
If an economy’s GDP rises, then it must be the case that the economy’s
A.income and expenditure both rise.
B.income rises and saving falls.
C.income and saving both rise.
D.income rises and expenditure falls.
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