Suppose That in a Closed Economy GDP Is Equal to 11,000,taxes

question 7

Multiple Choice

Suppose that in a closed economy GDP is equal to 11,000,taxes are equal to 1,000,consumption equals 7,500,and government purchases equal 2,000.What is national saving?

• A)-500
• B)500
• C)2,000
• D)None of the above is correct.

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Definitions:

Alcohol Abuse

The harmful consumption of alcohol that leads to negative health, social, or legal consequences.

Hypnotically Suggestible

Referring to the extent to which individuals can be induced into a hypnotic state, often resulting in heightened suggestibility.

Psychological Dependence

A psychological need to use a drug, such as to relieve negative emotions.

Hypnotically Suggestible

Referring to the extent to which an individual is likely to respond to suggestions made during hypnosis.