Which of the Following Is Not Always Correct in a Closed

question 36

Multiple Choice

Which of the following is not always correct in a closed economy?

• A)National saving equals private saving plus public saving.
• B)Net exports equal zero.
• C)Real GDP measures both income and expenditures.
• D)Private saving equals investment.

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Definitions:

Intensity

The strength, concentration, or degree of force or energy exhibited in an activity, situation, or expression.

Perceptual Selection

The cognitive process through which people filter and interpret sensory information, focusing on certain stimuli while ignoring others.

Interpretation

The process of explaining or understanding the meaning of something, such as data or events.

Perceptual Process

The sequence of steps that involves the gathering, organizing, and interpretation of sensory information to understand the environment.