Use the following to answer questions :
Scenario: Open Economy S = I
In an open economy GDP is $12 trillion this year. Consumption is $8 trillion, and government spending is $2 trillion. Taxes are $0.5 trillion. Exports are $1 trillion, and imports are $3 trillion.
-(Scenario: Open Economy S = I) Look at the scenario Open Economy S = I. How much is national saving?
A) $4 trillion
B) $3.5 trillion
C) $2 trillion
D) $5.5 trillion
Correct Answer:
Verified
Q23: In a closed economy, investment spending, I,
Q26: One difference between a closed and an
Q28: In a closed economy, national savings equals:
A)
Q31: Use the following to answer questions :
Scenario:
Q32: The government saves when:
A)tax revenue is less
Q32: According to the savings-investment spending identity:
A) savings
Q35: The government saves when it:
A) has a
Q36: In a closed economy government spending was
Q37: The savings-investment spending identity says that savings
Q40: In a closed economy, national savings equals
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