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

question 75

Multiple Choice

In a closed economy,public saving is equal to which of the following? (Y = GDP, , ,T = Taxes,and TR = Transfers)

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

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Definitions:

Sustained Commitment

Ongoing dedication or pledge to a cause, project, or initiative over an extended period, showcasing long-term engagement and perseverance.

Self-Honesty

The quality of being truthful and sincere with oneself, acknowledging true feelings, desires, and faults without self-deception.

Ethnorelativism

Ethnorelativism is the understanding and acceptance of the values, beliefs, and practices of cultures different from one's own, recognizing the equal value of all cultures.

Culturally Diverse Clients

Clients who come from a variety of cultural backgrounds, necessitating a culturally competent approach in services provided to them.