Scenario 6.1 Consider the Following Data for a Closed Economy

question 101

Multiple Choice

Scenario 6.1
Consider the following data for a closed economy:
Y = $1 200 billion
C = $800 billion
I = $200 billion
G = $200 billion
TR = $200 billion
T = $300 billion
-Refer to Scenario 6.1.Based on the information above, what is the level of public saving?

• A)$0
• B)$100 billion (a surplus of $100 billion)
• C)$200 billion (a surplus of $200 billion)
• D)negative $100 billion (a deficit of $100 billion)
• E)negative $200 billion (a deficit of $200 billion)

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Definitions:

Encounter Group

A meeting format aimed at increasing participants' awareness of their own and others' feelings and behaviors through direct, personal interaction.

Gay-Pride Group

An organization or community focused on promoting self-affirmation, dignity, and equal rights for gay individuals.

Interdisciplinary Group

A team composed of members from various fields of expertise working together to address complex issues.

Mental Health Facility

An institution that provides psychiatric services and support to individuals with mental health conditions.