In a Closed Economy,private Saving Is Equal to Which of the Following

question 229

Multiple Choice

In a closed economy,private saving is equal to which of the following? (Y = GDP,C = Consumption,G = Government purchases,T = Taxes,and TR = Transfers)

• A)Y - C - T
• B)Y - G - T
• C)Y - G - T + TR
• D)Y + TR - C - T

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Definitions:

Ingroup Bias

The tendency to favor members of one's own group over those from external groups.

Social Identities

The part of an individual's self-concept derived from their perceived membership in social groups.

Outgroup Homogeneity

The perception that members of an out-group are more similar to each other than they actually are, especially when compared to the perceived diversity within an in-group.

Gender

Variations in traits that distinguish between male and female qualities.