Refer to the Diagram for a Private Closed Economy

question 99

Multiple Choice

Refer to the diagram for a private closed economy. Aggregate saving in this economy will be zero when

• A) C + Ig cuts the 45-degree line.
• B) GDP is $180 billion.
• C) GDP is $60 billion.
• D) GDP is also zero.

---

Definitions:

Book Values

The value of an asset as recorded on a company's balance sheet, calculated as cost minus accumulated depreciation.

Consolidated Cash

The total cash amount reported on the consolidated financial statements, combining the cash holdings of a parent company and its subsidiaries.

Cash

A form of currency that includes physical bills and coins used in transactions.

Voting Shares

Shares that give the owner the right to vote on company matters, such as electing directors, at shareholder meetings.