Which of the Following Is Not Always Correct for a Closed

question 5

Multiple Choice

Which of the following is not always correct for a closed economy?

• A)National saving equals private saving plus public saving.
• B)Net exports equal zero.
• C)Real GDP measures both income and expenditures.
• D)Private saving equals investment.

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Definitions:

Anxiety

A state of fear or apprehension about what's to come.

Secondary Gains

Unintended benefits received from being in a sick or injured state, such as attention, sympathy, or avoidance of responsibility.

Mute

Unable or unwilling to speak, often due to psychological or physiological conditions.

Kindness

The quality of being friendly, generous, and considerate towards others without expecting anything in return.