Suppose That in a Closed Economy GDP Is Equal to 12,000,taxes

question 138

Multiple Choice

Suppose that in a closed economy GDP is equal to 12,000,taxes are equal to 1500,consumption is equal to 6800,and government expenditures are equal to 3200.What is national saving?

• A) 500
• B) 2000
• C) 2700
• D) 4200

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Definitions:

Market Positioning

The process of establishing and maintaining a desirable perception of a company's product or service in the market relative to competitors, focusing on unique value propositions.

Situational Analysis

The process of identifying internal and external factors affecting a business’s performance, used to inform strategy development.

Competing Products

Goods or services that are offered in the same market by different companies and serve as alternatives to each other.

Organic Foods Market

A sector of the food industry that deals with products produced via farming practices which aim to promote ecological balance and conserve biodiversity, avoiding most synthetic pesticides and fertilizers.