Suppose GDP Is $800 Billion,net Taxes Equal $150 Billion,government Purchases

question 27

Multiple Choice

Suppose GDP is $800 billion,net taxes equal $150 billion,government purchases are $160 billion,investment is $120 billion,and net exports are $5 billion.The private saving rate
Is ________.

• A)19%
• B)16%
• C)21%
• D)18%
• E)none of the above

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Definitions:

Confidentiality

The principle of maintaining privacy by not disclosing information shared in a trusted relationship, unless consented to or otherwise required by law.

Relative Confidentiality

A principle in certain professions where the confidentiality of client information is respected but may be overridden in specific circumstances determined by law or ethical guidelines.

Privilege

Special rights, advantages, or immunities granted or available only to a particular person or group of people.

Maximizing

The process of making the most or best use of resources, opportunities, or capabilities.