Suppose That GDP Is Equal to 1,000, National Saving Is

question 55

Multiple Choice

Suppose that GDP is equal to 1,000, national saving is equal to 200, the current account deficit is equal to 100, and the government budget deficit is equal to 50. Private savings must equal

• A) 150.
• B) 200.
• C) 250.
• D) 300.
• E) 350.

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Definitions:

Nineteenth Century

The period of time from January 1, 1801, to December 31, 1900, marking the 19th century in the Gregorian calendar.

Thomas More

A 16th-century English statesman and author, best known for his book "Utopia" and for his refusal to acknowledge King Henry VIII as head of the Church of England.

Utopia

An imaginary and idealized society where social and political systems work perfectly and citizens live in harmony and prosperity.

Sixteenth-century

The period from 1501 to 1600, marking the 16th century in the Gregorian calendar.