In a Closed Economy,private Saving Is Equal to Which of the Following

question 229

Multiple Choice

In a closed economy,private saving is equal to which of the following? (Y = GDP,C = Consumption,G = Government purchases,T = Taxes,and TR = Transfers)

• A)Y - C - T
• B)Y - G - T
• C)Y - G - T + TR
• D)Y + TR - C - T

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Definitions:

Amino Acid

Organic molecules that serve as the building blocks of proteins, containing both amino and carboxylic acid functional groups.

Aromatic Substructure

A part of a molecule containing an aromatic ring, characterized by a ring of atoms with resonance bonds creating stability.

Side Chain

The part of an amino acid that is distinct from the main backbone and determines the amino acid's properties.

Amino Acid

Organic compounds that serve as the building blocks of proteins, containing both an amino group and a carboxylic acid group.