Where Y Is GDP, C Is Consumption, I Is Investment

question 87

Multiple Choice

Where Y is GDP, C is consumption, I is investment, (G ) is government spending, (T ) is net taxes, and there is no international trade, public saving equals:

• A)T - G.
• B)Y - T - C.
• C)Y + T - G.
• D)Y - C - T.

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Definitions:

Scientific Hypothesis

A testable prediction or explanation for a specific phenomenon, based on observation, reasoning, or existing scientific knowledge, serving as a starting point for further investigation.

Disproved

Shown to be false or incorrect through evidence or logical argument.

Proved

Demonstrated to be true or established with evidence.

Carl Popper

A philosopher of science known for his work on the philosophy of science, particularly for advocating the criterion of falsifiability in science.