The Country of Yokovia Does Not Trade with Any Other

question 39

Multiple Choice

The country of Yokovia does not trade with any other country. Its GDP is $20 billion. Its government collects $4 billion in taxes and pays out $3 billion to households in the form of transfer payments. Consumption equals $15 billion and investment equals $2 billion. What is public saving in Yokovia, and what is the value of the goods and services purchased by the government of Yokovia?

• A)-$2 billion and $3 billion
• B)$1 billion and $3 billion
• C)-$1 billion and $4 billion
• D)There is not enough information to answer the question.

---

Definitions:

Virtual Organisations

Entities that operate primarily through digital interactions, often with team members dispersed geographically.

Outsourcing

The business practice of hiring a party outside a company to perform services and create goods that traditionally were performed in-house by the company's own employees and staff.

Business Networks

Formal or informal associations of businesses or professionals aimed at building relationships to support and grow their operations.

Line Management

Managers directly responsible for the production and delivery of a company's products or services.