The Table Below Shows Aggregate Values for a Hypothetical Economy

question 4

Multiple Choice

The table below shows aggregate values for a hypothetical economy.Suppose that this economy has real GDP equal to potential output.
TABLE 25-2
-Refer to Table 25-2.What is the level of national saving for this economy?

• A)-$200
• B)-$150
• C)-$50
• D)$150
• E)$250

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Definitions:

Home Rule

The power granted to local governments to govern themselves with minimal or no interference from the national government.

Dual Federalism

A concept of federalism in which federal and state governments have clearly defined, separate spheres of authority and responsibility.

Private Property

The legal right to own, use, and dispose of physical items or land, exclusive of others, protected by law.

Enacting Laws

Enacting laws refers to the process by which legislative bodies create new statutes or legal standards.