In Which of the Following Situations for a Private Closed

question 117

Multiple Choice

In which of the following situations for a private closed economy will the level of GDP expand?

• A)when planned investment exceeds saving
• B)when planned investment exceeds consumption
• C)when saving exceeds consumption
• D)when consumption exceeds investment

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Definitions:

Mosquitoes

Flying insects known for feeding on blood, which can transmit various diseases such as malaria, dengue fever, and Zika virus.

Carnivorous Wild Animals

Wild animals that primarily consume meat as their main dietary component.

Antirabies Prophylaxis

Preventative medical treatment given to prevent rabies infection after exposure to the virus, often involving a series of vaccinations.