A Country Has Output of $700 Billion, Consumption of $500

question 167

Multiple Choice

A country has output of $700 billion, consumption of $500 billion, government expenditures of $100 and investment of $60 million. What is its supply of loanable funds?

• A)$140 billion
• B)$100 billion
• C)$60 billion
• D)$40 billion

---

Definitions:

Availability of Substitutes

The presence of alternative products or services that can satisfy the same needs or wants as the original product.

Own Price Elasticity

Measures the responsiveness of the quantity demanded of a good to a change in its own price.

Anne's Apple Pies

A fictional or specific business entity known for producing or selling apple pies.

Market Share

The portion of a market controlled by a particular company or product.