Let Y = total income; C = consumption; G = government purchases; T = taxes; TR = transfer payments. Private saving is defined as:
A) Y + TR - C - T.
B) T + G + TR.
C) T - G + TR.
D) Y + TR + C - T.
Correct Answer:
Verified
Q39: Long-run economic growth is measured by changes
Q40: Potential GDP in Australia:
A)does not change much
Q41: What are financial securities that represent promises
Q42: Let G = government purchases; T =
Q44: What is the term for a country
Q45: Let I = investment; Y = total
Q46: How can public savings in the economy
Q47: In a closed economy, the relationship between
Q48: A federal budget surplus could be reduced
Q85: What is potential GDP?
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