In a Closed Economy, If Y and T Remained the Same

question 103

Multiple Choice

In a closed economy, if Y and T remained the same, but G rose and C fell but by less than the rise in G, what would happen to public and national saving?

• A)Public and national saving would rise.
• B)Public and national saving would fall.
• C)Public saving would rise and national saving would fall.
• D)Public saving would fall and national saving would rise.

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Definitions:

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The process of forming an opinion or evaluation by discerning and comparing.

Self Competency

The ability to understand and effectively manage one's own skills and emotions in various situations.

Circulatory System

The body system responsible for the transport of blood, nutrients, gases, and wastes, including the heart and blood vessels.

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