Consider a Closed Economy with Real GDP in the Long

question 36

Multiple Choice

Consider a closed economy with real GDP in the long run of $400,consumption expenditures of $250,government purchases of $75,and net tax revenue of $20.What is the level of national saving?

• A)$55
• B)$75
• C)$95
• D)$225
• E)$230

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Definitions:

Clock Speed

The speed at which a CPU performs in the processing cycle of a computer system.

V-Ref

A reference voltage, typically stable and precise, used in electronics as a benchmark for signal comparisons or as a power supply for certain circuits.

Reference Voltage

A stable voltage provided by a device that is used as a baseline to measure or control other voltages within a circuit.

ECU

Engine Control Unit, a type of electronic control unit that controls a series of actuators on an internal combustion engine to ensure optimal engine performance.