The savings-investment spending identity says that:
A) each person in the economy must invest as much as he or she saves.
B) savings and investment spending are always equal for the economy as a whole.
C) savings must equal government investment for the economy as a whole.
D) each person in the economy must save as much as he or she invests.
Correct Answer:
Verified
Q20: GDP is $12 trillion this year in
Q21: To help increase investment spending, the government
Q22: In an open economy, total investment equals:
A)
Q23: In a closed economy, investment spending, I,
Q24: In a closed economy, all investment spending
Q26: One difference between a closed and an
Q27: In a closed economy, the savings-investment spending
Q28: In a closed economy, national savings equals:
A)
Q29: In an open economy, GDP is $12
Q30: National savings is the sum of private
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