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 investment spending?
A) $2 trillion
B) $3 trillion
C) $3.5 trillion
D) $4 trillion
Correct Answer:
Verified
Q42: Which statement is CORRECT?
A) The budget deficit
Q44: Taxes equal:
A) government spending plus private savings.
B)
Q50: In an open economy, savings can come
Q51: Use the following to answer questions :
Scenario:
Q52: National savings equals:
A) private savings plus consumption
Q55: Capital inflow is:
A) the net inflow of
Q56: If a country has a trade surplus,
Q57: Net capital inflow equals:
A) national savings.
B) imports
Q57: Use the following to answer questions :
Scenario:
Q59: Use the following to answer questions :
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