Scenario 13-1 -Refer to Scenario 13-1

question 261

Multiple Choice

Scenario 13-1. Assume the following information for an imaginary, closed economy. $$\begin{array} { l } \text { GDP } = \$ 120,000 ; \text { consumption } = \$ 70,000 ; \text { private savng } = \$ 9,000 \text {; } \\\text { national saving } = \$ 12,000\end{array}$$
-Refer to Scenario 13-1. For this economy, government purchases amount to

• A)$12,000.
• B)$18,000.
• C)$28,000.
• D)$38,000.

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Definitions:

Online Auctions

A virtual auction process where goods or services are sold to the highest bidder through a website or online platform.

Key Suppliers

Critical vendors or providers whose goods or services are essential to a company's operations, often contributing significantly to the product or service output.

Satisfaction Level

A measure of how products or services meet or surpass customer expectations.

Buyer-seller Relationship

The ongoing interaction between a purchaser and a supplier, which can influence transaction terms, loyalty, and satisfaction.