Which of the Following Statements Is Correct for a Private

question 8

Multiple Choice

Which of the following statements is correct for a private closed economy?

• A) Saving equals planned investment only at the equilibrium level of GDP.
• B) All levels of GDP where planned investment exceeds saving will be too high for equilibrium.
• C) Planned and actual investment are identical at all possible levels of GDP.
• D) Saving equals actual investment only at the equilibrium level of GDP.

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Definitions:

Embryonic Stage

A critical phase in development spanning from fertilization until the end of the eighth week, where initial formation of major structures and organs occurs.

Fertilisation

The process by which male and female reproductive cells (gametes) unite, leading to the development of a new organism.

Embryonic Stage

The period in prenatal development from approximately two to eight weeks after fertilization, during which the major organs and structures of the organism develop.

Germinal Stage

The earliest phase in prenatal development, starting from fertilization and lasting until the zygote implants in the uterine wall.