Suppose That in a Closed Economy GDP Is Equal to 11,000,taxes

question 346

Multiple Choice

Suppose that in a closed economy GDP is equal to 11,000,taxes are equal to 1,500,consumption equals 7,500,and government purchases equal 2,000.What is national saving?

• A) -500
• B) 0
• C) 1,500
• D) None of the above is correct.

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Definitions:

Projective Tests

Psychological assessments that use ambiguous stimuli to elicit responses revealing hidden emotions, desires, and internal conflicts.

Bias

A tendency to favor or prejudice against something or someone, often in a way considered to be unfair.

Cognitive Inventory

An assessment tool used to evaluate patterns of thinking and behavior that may contribute to mental health issues.

Social Skill

Involves the ability to communicate, interact, and form relationships with others effectively and appropriately.