Suppose that in a closed economy GDP is equal to 12,000,taxes are equal to 1500,consumption is equal to 6800,and government expenditures are equal to 3200.What is national saving?
A) 500
B) 2000
C) 2700
D) 4200
Correct Answer:
Verified
Q1: In a closed economy,what does (Y -
Q83: The country of Nemedia does not trade
Q84: Which expression represents national saving in a
Q87: You have two sets of estimates of
Q87: Suppose that in a closed economy GDP
Q88: In a closed economy, how does national
Q89: The country of Meritor uses the merit
Q91: In a closed economy, what does national
Q92: The country of Hykania does not trade
Q99: Which equation most simply represents GDP in
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