In the Long Run,if an Economy's Consumption Spending Is $5

question 153

Multiple Choice

In the long run,if an economy's consumption spending is $5 trillion,its planned investment is $2 trillion,government spending is $1 trillion,net tax revenue is $1 trillion,and household savings are $2 trillion,total output should be

• A) $3 trillion
• B) $5 trillion
• C) $7 trillion
• D) $8 trillion
• E) $11 trillion

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Definitions:

Livestock

Domesticated animals raised in an agricultural setting to produce commodities such as meat, milk, wool, and leather.

Atmosphere

The layer of gases surrounding Earth, crucial for sustaining life by providing oxygen and protecting the planet from harmful solar radiation.

Groundwater

the water present beneath Earth's surface in soil pore spaces and in the fractures of rock formations.

Lakes

Bodies of freshwater or sometimes saline water occupying large depressions on the Earth's surface, often fed by rivers or streams.