The Country of Hykania Does Not Trade with Any Other

question 163

Multiple Choice

The country of Hykania does not trade with any other country.Its GDP is $20 billion.Its government purchases $3 billion worth of goods and services each year,collects $3 billion in taxes,and provides $2 billion in transfer payments to households.Private saving in Hyrkania is $4 billion.What is investment in Hyrkania?

• A)$4 billion
• B)$3 billion
• C)$2 billion
• D)$1 billion

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Definitions:

Mean

A statistical measure representing the average value in a set of numbers, calculated by dividing the sum of all values by the number of values.

Median

The middle value in a list of numbers, which divides the dataset into two halves.

Mode

The value that occurs most frequently in a given set of data.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values; a low standard deviation indicates that the values tend to be close to the mean of the set.