In Which of the Following Cases Would It Necessarily Be

question 89

Multiple Choice

In which of the following cases would it necessarily be true that national saving and private saving are equal for a closed economy?

• A)Private saving is equal to government expenditures.
• B)Public saving is equal to investment.
• C)After paying their taxes and paying for their consumption,households have nothing left.
• D)The government's tax revenue is equal to its expenditures.

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Definitions:

Tanglewood

A famous music venue in Massachusetts known for its classical music concerts and as the summer home of the Boston Symphony Orchestra.

Alcoholics Anonymous

A worldwide fellowship that supports individuals in recovery from alcohol addiction through a 12-step program.

Holocaust

The genocide of approximately six million Jews and millions of others by the Nazi regime and its collaborators during World War II.

Nazis

Members of the National Socialist German Workers' Party, a far-right political group that ruled Germany from 1933 to 1945.