Refer to the Diagram for a Private Closed Economy

question 91

Multiple Choice

Refer to the diagram for a private closed economy. At the $300 level of GDP,

• A) aggregate expenditures and GDP are equal.
• B) consumption is $200 and planned investment is $50.
• C) saving exceeds planned investment.
• D) consumption plus saving is $400.

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Definitions:

Thank-You Note

A written or digital message expressing gratitude, often sent as a follow-up after receiving a gift or favor.

Non-Structured Interview

An informal interview without a set sequence of questions, allowing for spontaneous and flexible conversation to gather qualitative information.

Hostile Interview

An interviewing scenario where the interviewer adopts an aggressive or challenging behavior towards the interviewee, often for the purpose of seeing how they handle pressure.

Structured Interview

A systematic interview process where all candidates are asked the same predetermined set of questions to ensure consistency and fairness.