In open economies
A) saving and investment are necessarily equal.
B) as in a closed economy, saving and investment are not necessarily equal.
C) saving and investment are not necessarily equal as they are in a closed economy.
D) saving and investment are necessarily equal contrary to the case of a closed economy.
E) investment always refers to the domestic stock market.
Correct Answer:
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Q13: For most macroeconomists
A) gross national income exceeds
Q14: Which one of the following statements is
Q15: An example of how GNP accounts for
Q16: National income equals GNP
A) less depreciation, less
Q17: A country's gross national product (GNP) is
A)
Q19: Purchases of inventories by
A) firms are not
Q20: GDP is supposed to measure
A) the volume
Q21: Government purchases are defined as
A) only goods
Q22: An open economy
A) can save only by
Q23: Over the 1980s
A) there is no question
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