Suppose Private Saving in a Closed Economy Is $15b and Investment

question 30

Multiple Choice

Suppose private saving in a closed economy is $15b and investment is $7b.

• A)National saving must equal $15b.
• B)Public saving must equal $8b.
• C)The government budget surplus must equal $8b.
• D)The government budget deficit must equal $8b.

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Definitions:

Syllogism

A deductive argument with two premises and a conclusion.

Predicate Class

A group of elements that share a common property or attribute, as described by the predicate in a logical statement or equation.

Proposition

An utterance or claim that articulates an opinion or estimation, which could be accurate or inaccurate.

Proposition

A statement or assertion that expresses a judgement or opinion, capable of being true or false.