GDP is $12 trillion this year in a closed economy. Consumption is $8 trillion and government spending is $2 trillion. Taxes are $0.5 trillion. How much is national saving?
A) $3.5 trillion
B) $3 trillion
C) $2.5 trillion
D) $2 trillion
Correct Answer:
Verified
Q4: Which statement describes an advantage to the
Q5: Which example is considered to be investing
Q6: Which source(s) provide(s) funding for private investment
Q7: In a simple closed economy, all investment
Q8: GDP is $12 trillion this year in
Q10: Which statement is considered investment spending in
Q11: Amazon's primary type of investment spending is
Q12: Which source(s) provide(s) funds for Amazon's investment
Q13: Physical capital is purchased through investment spending,
Q14: Investment spending in macroeconomics refers to:
A) buying
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