Suppose That a Mixed Open Economy Is Producing at Its

question 133

Multiple Choice

Suppose that a mixed open economy is producing at its equilibrium income and that net exports are zero.If at the equilibrium income the public sector's budget shows a surplus,

• A)Ca + I g + Xn + G must exceed GDP.
• B)planned investment must exceed saving.
• C)a recessionary expenditure gap must exist.
• D)saving must exceed planned investment.

---

Definitions:

Fishing Quotas

Regulatory limits on the amount or type of fish that can be caught within a certain period to prevent overfishing and sustain fish populations.

Federal Government

The national government of a federated state, which holds the highest level of authority in the country, responsible for national defense, foreign policy, and other matters of national importance.

Park Managers

Individuals responsible for overseeing the operations, maintenance, and administrative functions of parks to ensure they meet the needs of visitors and conserve natural resources.

Visitor Desires

The interests and preferences of individuals visiting a particular place or event, which can significantly influence their behaviors and choices.