Which of the Following Equations Is a Correct Expression for National

question 24

Multiple Choice

Which of the following equations is a correct expression for national saving in the long run when real GDP equals potential output?

• A)NS = Y* - C - G
• B)NS = Y* - C + T - G
• C)NS = Y* - T - C
• D)NS = T - G
• E)NS = T - G - C

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Definitions:

Cost Leadership

A business strategy aiming to achieve the lowest production and distribution costs to offer lower prices than competitors.

Flexible Automation

Flexible automation refers to a manufacturing system that can quickly adapt to changes in the product being produced, allowing for customization and efficient production of various items.

Brand Personality

Brand personality refers to the set of human characteristics associated with a brand, influencing consumer perceptions and emotional connections with the brand, such as sincerity, excitement, competence, sophistication, and ruggedness.

Premium Strategy

A business approach that involves offering products or services of higher quality or uniqueness at a higher price to target upscale market segments.