In a closed economy, national savings equals:
A) (disposable income minus consumption spending) minus (tax receipts minus government spending) .
B) (disposable income minus consumption spending) plus (government spending minus tax receipts) .
C) (disposable income minus consumption spending) plus (tax receipts minus government spending) .
D) (consumption spending minus disposable income) plus (government spending minus tax receipts) .
Correct Answer:
Verified
Q23: In a closed economy, investment spending, I,
Q24: In a closed economy, all investment spending
Q25: The savings-investment spending identity says that:
A) each
Q26: One difference between a closed and an
Q27: In a closed economy, the savings-investment spending
Q29: In an open economy, GDP is $12
Q30: National savings is the sum of private
Q31: The government saves when tax revenue:
A) is
Q32: According to the savings-investment spending identity:
A) savings
Q33: In an open economy, GDP is $12
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