Suppose That in a Closed Economy GDP Is Equal to 15

question 74

Multiple Choice

Suppose that in a closed economy GDP is equal to 15 000,taxes are equal to 2500,consumption is equal to 7500,and government expenditures are equal to 3000.What is public saving?

• A)-600
• B)-500
• C)500
• D)600

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Definitions:

Variance

The average of the squared differences from the Mean, a statistical measurement of the spread between numbers in a data set.

Computational Formula

A formula used to compute statistical measures that often simplifies the arithmetic process.

Variance

A measure of the dispersion or how spread out numbers are in a dataset.

Interquartile Range

A measure of statistical dispersion, representing the difference between the 25th and 75th percentiles of a dataset.