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.

---

Definitions:

Plaintiff

A person or legal entity who initiates a lawsuit against another party (the defendant) in a court of law, alleging wrongdoings.

Sources of American Law

The origins from which U.S. law derives, including the Constitution, statutes, case law, and regulations.

System of Law

The comprehensive and structured set of legal principles and codes that govern a jurisdiction.

Common Law System

A legal system based on court-made precedents and customs, as opposed to statutory laws, prevalent in the United Kingdom and countries influenced by its legal traditions.