Refer to the Diagram for a Private Closed Economy

question 57

Multiple Choice

Refer to the diagram for a private closed economy. At the equilibrium level of GDP, investment and saving are both

• A) $50.
• B) $100.
• C) $20.
• D) $40.

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Definitions:

Particular Affirmative

A statement in logic that affirms the inclusion of some, but not necessarily all, members of a category.

Quantity

The property of something that determines its magnitude; the amount or number of a material or immaterial thing not usually estimated by spatial measurement.

Argument

A series of statements or reasons made to persuade others that an idea or proposition is true or valid.

Subject Class

A category or group of subjects sharing common characteristics or attributes.