If Real GDP in a Closed Economy Is $40 Billion,consumption

question 239

Multiple Choice

If real GDP in a closed economy is $40 billion,consumption is $20 billion,and government purchases are $10 billion,what is investment?

• A)$10 billion
• B)$30 billion
• C)$40 billion
• D)$70 billion

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Definitions:

Interest Rate

The cost of borrowing money, usually expressed as a percentage of the amount borrowed, paid to the lender over a specified period.

Dreck Paintings

Refers metaphorically to artwork considered of low quality or value, often created without genuine effort or artistic integrity.

Interest Rate

The percentage charged or paid for the use of money on a yearly basis, often expressed as an annual percentage rate.

Market Value

The current price at which an asset or service can be bought or sold in an open market.