Consider a Closed Economy with Real GDP in the Long

question 36

Multiple Choice

Consider a closed economy with real GDP in the long run of $400,consumption expenditures of $250,government purchases of $75,and net tax revenue of $20.What is the level of national saving?

• A)$55
• B)$75
• C)$95
• D)$225
• E)$230

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Definitions:

Person-Organization Value Congruence

The degree to which an individual's values, goals, and beliefs align with the culture and values of the organization they work for.

Persistence

The quality of continuing steadfastly towards a goal despite obstacles or setbacks.

Direction

Guidance or instructions on the course or action to be taken, often aimed at achieving a specific goal or outcome.

Intensity

Intensity describes the degree of strength, power, or force of an action, emotion, or in a physical sense, often indicating the magnitude or seriousness of a phenomenon.