Scenario 26-1

question 31

Multiple Choice

Scenario 26-1.Assume the following information for an imaginary,closed economy.
GDP = $110,000;consumption = $70,000;private saving = $8,000;national
saving = $12,000.
-Refer to Scenario 26-1.For this economy,investment amounts to

• A) $4,000.
• B) $8,000.
• C) $12,000.
• D) $16,000.

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Definitions:

Factory Payroll

The total amount of wages and salaries payable to employees working in the manufacturing operations of a company.