In a Closed Economy,what Does (Y - T - C)represent

question 77

Multiple Choice

In a closed economy,what does (Y - T - C) represent?

• A)national saving
• B)government tax revenue
• C)public saving
• D)private saving

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Definitions:

Maslow Hierarchy

A psychological theory proposed by Abraham Maslow, categorizing human needs into five levels ranging from basic (such as physiological needs) to higher needs (like self-actualization).

Physiological

Pertaining to the field of biology focused on the regular operations of living beings and their components.

Self-actualization

Achieving one's full potential and talents, seen as a universal desire or drive.

Safety

The state of being safe from or not exposed to danger, risk, or harm.