Suppose That in a Closed Economy GDP Is Equal to 20,000,consumption

question 54

Multiple Choice

Suppose that in a closed economy GDP is equal to 20,000,consumption equal to 15,000,government purchases equal 4,000 and taxes equal 3,000.What are private saving,public saving,and national saving?

• A)-2,000,1,000,and 2,000,respectively.
• B)1,000,2,000,and 3,000,respectively.
• C)2,000,-1,000,and 1,000,respectively.
• D)2,000,1,000,and 2,000,respectively.

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Definitions:

Summation

The process of adding multiple quantities together to achieve a total sum, often used in mathematics and physics.

IPSPs

Inhibitory postsynaptic potentials, which are synaptic potentials that make a neuron less likely to generate an action potential, often associated with the flow of negative ions into a cell or positive ions out of a cell.

EPSPs

Excitatory Postsynaptic Potentials are electrical charges that increase the likelihood of a neuron firing an action potential.

Temporal Summation

The summing of several postsynaptic potentials produced when a single presynaptic neuron fires multiple times