Suppose That in a Closed Economy GDP Is Equal to 22,000

question 158

Multiple Choice

Suppose that in a closed economy GDP is equal to 22,000, taxes are equal to 7000, consumption is equal to 13,000, and government expenditures are equal to 4000. What is private saving?

• A) 0
• B) 1000
• C) 2000
• D) 3000

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Definitions:

Optic Tracts

Nerve pathways traveling from the optic chiasma to the thalamus in the brain, important for the transmission of visual information.

Diencephalon

The diencephalon is a region of the brain that includes structures such as the thalamus and hypothalamus, involved in sensory and autonomic functions.

Hypothalamus

A region of the brain responsible for hormone production and regulation of vital bodily functions, including temperature, hunger, and thirst.

Thalamus

In vertebrates, the portion of the diencephalon that passes on selected sensory information to the cerebrum.