If an Economy Is Closed and If It Has No

question 611

Multiple Choice

If an economy is closed and if it has no government, then

• A)national saving = private saving.
• B)total income = consumption + investment.
• C)saving = total income - consumption.
• D)All of the above are correct.

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Definitions:

BP

Stands for Blood Pressure, a measure of the force that circulating blood exerts on the walls of blood vessels.

Water

A colorless, transparent, odorless, liquid that forms the seas, lakes, rivers, and rain and is the basis of the fluids of living organisms.

Abdomen

The part of the body between the chest and the pelvis, containing the digestive organs.

BMI

Body Mass Index, a numerical value calculated from a person's weight and height, used to evaluate if a person is underweight, normal weight, overweight, or obese.