Consider a closed economy without the government.If the saving rate in the economy is 15 percent and the aggregate saving is $6,000,the GDP of the economy is ________.
A) $15,000
B) $27,000
C) $30,000
D) $40,000
Correct Answer:
Verified
Q83: In Fiji,total saving is $560 million,while GDP
Q84: If the aggregate saving in an economy
Q85: Michael currently saves 5 percent of his
Q86: In New Zealand,Total saving = $17 billion,while
Q87: Suppose the working-age population of a country
Q89: Define saving rate.If the aggregate saving in
Q90: Consider two economies with the same GDP
Q91: Which of the following statements is true?
A)
Q92: Consider a closed economy without a government.If
Q93: Why is investing in technology as a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents