Taxes equal:
A) government spending plus private savings.
B) total spending minus consumption minus investment minus private savings.
C) total income minus consumption minus private savings.
D) consumption plus private savings plus total income.
Correct Answer:
Verified
Q39: In an open economy, GDP is $12
Q40: In a closed economy, national savings equals
Q41: Assume that I = SPrivate + SGovernment
Q42: Which statement is CORRECT?
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Q45: If a country has a trade surplus,
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Q48: Use the following to answer questions:
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