Where Y Is GDP, C Is Consumption, T Is Net

question 54

Multiple Choice

Where Y is GDP, C is consumption, T is net taxes and G is government spending, if there is no international trade, then public saving equals:

• A)G - T
• B)Y - G
• C)Y + T - G
• D)Y - T

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Definitions:

Privileged Groups

Social groups that have advantages, rights, or access to resources that are not available to all members of society, often based on race, gender, or economic status.

Social Movements

Collective efforts by people to achieve social change, often aimed at addressing inequalities, injustices, or promoting a particular cause.

Disenchanted

A feeling of disillusionment or loss of belief in something that was once considered valuable or important.

Class Background

A term referring to the socioeconomic environment and conditions in which an individual is raised, which can influence their beliefs, behaviors, and opportunities.