Scenario 18-2

question 327

Multiple Choice

Scenario 18-2.Assume the following information for an imaginary,closed economy.
GDP = $200,000; consumption = $120,000;
government purchases = $35,000; and taxes = $25,000.
-Refer to Scenario 18-2.For this economy,private saving is equal to

• A) $40,000.
• B) $50,000.
• C) $55,000.
• D) $60,000.

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Definitions:

Zygomatic

Yoking or joining; bony arch created by the junction of the zygomatic and temporal bones.

Occipital Bone

A cranial bone located at the lower back part of the skull, important for head support and connected to the atlas of the spine.

Cranium

Skull; in a more limited sense, the braincase.

Palatine Bone

One of the pair of bones forming the back part of the hard palate and part of the floor of the nasal cavity.