In an Economy with Three Sectors (Household, Business, and Government)

question 268

Multiple Choice

In an economy with three sectors (household, business, and government) , government spending is $5 billion, taxes are $4 billion, and investment is $4 billion. If the economy is in equilibrium, then saving is

• A) $1 billion.
• B) $4 billion.
• C) $5 billion.
• D) $9 billion.

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Definitions:

Demographic

Refers to statistical data relating to the population and particular groups within it, often used in marketing to target specific segments.

Old Spice

A brand known for its range of male grooming products, including antiperspirants, deodorants, body washes, and fragrances.

Generation Y

Includes the 62 million Americans born between 1981 and 1996. Also called the echo-boom.

Psychographic Segmentation

The process of dividing a market into segments based on consumer personality traits, lifestyle, or social status.