In a small closed economy investment is $50 billion and private saving is $55 billion. What are public saving and national saving?
A) $60 billion and $5 billion
B) $50 billion and -$5 billion
C) $5 billion and $60 billion
D) -$5 billion and $50 billion
Correct Answer:
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Q26: According to the definitions of national saving
Q27: In a closed economy,national saving is
A)usually greater
Q29: In a closed economy,national saving equals
A)investment.
B)income minus
Q32: According to the definitions of private and
Q33: Which of the following equations represents GDP
Q210: For a closed economy, GDP is $11
Q212: Suppose that in a closed economy GDP
Q213: Suppose a closed economy had public saving
Q215: For a closed economy, GDP is $11
Q217: Suppose that in a closed economy GDP
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