Where Y Is GDP, C Is Consumption, I Is Investment

question 20

Multiple Choice

Where Y is GDP, C is consumption, I is investment and G is government spending, if there is no international trade, then national saving equals:

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

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Definitions:

Vocational School

An educational institution that provides training and skills for specific trades or careers, focusing on practical job-related skills.

Revenue Variances

The difference between actual revenue and budgeted or forecasted revenue, indicating if a business is performing above, on, or below expectations.

Spending Variances

Differences between actual spending and budgeted amounts in a company's budget, indicating over or underspending.

Departmental Managers

Individuals responsible for overseeing the operations of specific departments within an organization, ensuring goals and objectives are met.