The Country of Yokovia Does Not Trade with Any Other

question 39

Multiple Choice

The country of Yokovia does not trade with any other country. Its GDP is $20 billion. Its government collects $4 billion in taxes and pays out $3 billion to households in the form of transfer payments. Consumption equals $15 billion and investment equals $2 billion. What is public saving in Yokovia, and what is the value of the goods and services purchased by the government of Yokovia?

• A)-$2 billion and $3 billion
• B)$1 billion and $3 billion
• C)-$1 billion and $4 billion
• D)There is not enough information to answer the question.

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Definitions:

Gulf Stream

A powerful, warm ocean current that flows from the Gulf of Mexico along the eastern coast of the United States and across the Atlantic Ocean.

Supercell Thunderstorms

Highly organized and severe thunderstorms characterized by a deep, persistently rotating updraft, capable of producing damaging winds, large hail, and tornadoes.

Central Updraft

The upward movement of warm air within the center of a storm system, crucial for the development and maintenance of thunderstorms.

Anvil Shape

A cloud formation resembling an anvil, typically observed in cumulonimbus clouds, signifying strong updrafts and potential thunderstorms.