Which of the Following Is Not Always Correct for a Closed

question 5

Multiple Choice

Which of the following is not always correct for a closed economy?

• A)National saving equals private saving plus public saving.
• B)Net exports equal zero.
• C)Real GDP measures both income and expenditures.
• D)Private saving equals investment.

Distinguish between replacement summaries and replacement charts.

Understand the difference between job descriptions and job specifications.

Comprehend the various methods used in collecting job- and performance-related information.

Recognize the importance of collecting data from multiple sources to avoid biases and shortcomings in job analysis.