Suppose That in a Closed Economy GDP Is 11,000,consumption Is

question 160

Multiple Choice

Suppose that in a closed economy GDP is 11,000,consumption is 7,500,and taxes are 2,000.What value of Government purchases would make national savings equal to 1000 and at that value would the government have a deficit or surplus?

• A)2,500, deficit
• B)2,500, surplus
• C)1,000, deficit
• D)1,000, surplus

---

Definitions:

Blood Flow

The movement of blood through the circulatory system, delivering oxygen and nutrients to tissues and removing carbon dioxide and other wastes.

Glomerulonephritis

An inflammation of the glomeruli, which are small blood vessels in the kidneys involved in the filtration process to form urine.

Filtrate

The liquid that has passed through a filter, which in biological contexts usually refers to the fluid extracted from blood by the kidneys during urine formation.

White Blood Cells

Cells of the immune system involved in protecting the body against both infectious disease and foreign invaders.