In a Closed Economy,what Does (T - G)represent

question 58

Multiple Choice

In a closed economy,what does (T - G) represent?

• A)national saving
• B)investment
• C)private saving
• D)public saving

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Definitions:

Simple Interest

Interest calculation method that involves multiplying the principal amount by the interest rate and the term of the loan or investment, without compounding.

Annual Rate

The interest rate for a loan or investment over a one-year period, often used to compare the yield of financial products.

Student Loans

Loans taken by students to cover higher education expenses, expected to be repaid with interest.

Simple Interest Rates

Interest calculated only on the principal amount of a loan or deposit, without compounding over time.