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Scenario 13-1 -Refer to Scenario 13-1

question 417

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Scenario 13-1. Assume the following information for an imaginary, closed economy.  GDP =$120,000; consumption =$70,000; private savng =$9,000 national saving =$12,000\begin{array} { l } \text { GDP } = \$ 120,000 ; \text { consumption } = \$ 70,000 ; \text { private savng } = \$ 9,000 \text {; } \\\text { national saving } = \$ 12,000\end{array}
-Refer to Scenario 13-1. For this economy, taxes amount to

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Definitions:

Normal Faults

Fractures in the Earth's crust where rock layers have moved vertically relative to each other due to extensional forces.

Shearing

The deformation of a material by slippage along parallel planes, often associated with faults and seismic activity in the Earth's crust.

Anticline

A type of fold in rock layers that forms an arch-like shape, with the oldest layers at the core.

Offset

The distance by which a geological feature, such as a fault or layer, is displaced due to tectonic movements.

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