X Is Exports, M Is Imports, T Is Net Taxes

question 266

Multiple Choice

X is exports, M is imports, T is net taxes, G is government expenditure, C is consumption expenditure, S is saving, and I is investment. Which of the following equations represents the private sector balance?

• A) X - M
• B) T - G
• C) S - I
• D) C + S + T

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Definitions:

Automatic Processing

The unconscious encoding of incidental or well-learned information without conscious effort or attention.

Proactive Interference

The tendency of previously learned material to hinder subsequent learning.

Memory Construction

The process through which the brain encodes, stores, and retrieves information, influenced by perception, imagination, and other cognitive processes.

Sensory Memory

The briefest span of memory, capable of holding sensations of sensory data after the initial stimuli are no longer present.