Suppose That Private Saving Is $1590 Billion,investment Is $1945 Billion,and

question 20

Multiple Choice

Suppose that private saving is $1590 billion,investment is $1945 billion,and the current account balance is -$489 billion.From the uses-of-saving identity,how much is government saving?

• A)-$134 billion
• B)-$844 billion
• C)$844 billion
• D)$134 billion

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Definitions:

Monopolist

An entity, often a single firm, that holds exclusive control over the supply of a particular good or service, setting prices without competition.

Marginal Cost

The increase in cost that arises from producing one additional unit of a good or service.

Competitive Industry

An industry in which numerous producers supply a homogeneous product or service, leading to competition over price and quality.

Marginal Cost

The extra expenditure needed to manufacture one more unit of a good or service.