Suppose That in a Closed Economy GDP Is Equal to 15,000,taxes

question 163

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 3100.What is public saving?

• A) -600
• B) -500
• C) 500
• D) 600

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Definitions:

Damage

Physical harm caused to something in such a way that it is impaired or its value is diminished.

Good

Describes something as being satisfactory, beneficial, or morally right.

Groin Pull

A strain or injury to the muscles of the inner thigh, often occurring in activities requiring sudden changes in direction or speed.

Ankle Sprain

An injury to the ligaments in the ankle, usually caused by twisting or turning the ankle in an awkward way.