Scenario 6.1 Consider the Following Data for a Closed Economy

question 101

Multiple Choice

Scenario 6.1
Consider the following data for a closed economy:
Y = $1 200 billion
C = $800 billion
I = $200 billion
G = $200 billion
TR = $200 billion
T = $300 billion
-Refer to Scenario 6.1.Based on the information above, what is the level of public saving?

• A)$0
• B)$100 billion (a surplus of $100 billion)
• C)$200 billion (a surplus of $200 billion)
• D)negative $100 billion (a deficit of $100 billion)
• E)negative $200 billion (a deficit of $200 billion)

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Definitions:

Uric Acid

Nitrogen-containing waste compound derived from ammonia; it can be excreted as crystals.

Ammonia

A colorless gas with a pungent smell, consisting of nitrogen and hydrogen (NH3), used in various industrial processes.

Urea

A nitrogenous compound produced in the liver and excreted in urine, functioning as the principal nitrogenous waste product of metabolism in mammals.

Loop Of Henle

A section of the nephron in the kidney involved in the reabsorption of water and salts, crucial for the concentration of urine and the regulation of water, electrolyte balance.