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:

Job Information

Data or details about occupations, including duties, required skills, trends, and available positions.

Voluntary Relocation

The act of moving or being moved to a new location based on the individual's choice without external compulsion.

Low-Paying Nations

Countries characterized by significantly lower wage levels compared to the global average, often associated with high levels of poverty and inequality.

High-Paying Nations

Countries where workers generally receive high wages due to strong economies or high standards of living.