Use the Following to Answer Questions

question 29

Multiple Choice

Use the following to answer questions :
Scenario: Open Economy S = I
In an open economy GDP is $12 trillion this year. Consumption is $8 trillion, and government spending is $2 trillion. Taxes are $0.5 trillion. Exports are $1 trillion, and imports are $3 trillion.
-(Scenario: Open Economy S = I) Look at the scenario Open Economy S = I. How much is private saving?

• A)$4 trillion
• B)$2.5 trillion
• C)$3.5 trillion
• D)$1.5 trillion

---

Definitions:

Norepinephrine

A neurotransmitter and hormone involved in the body's fight or flight response, affecting heart rate, blood pressure, and blood sugar.

Erythropoietin

A hormone produced by the kidneys that stimulates the production of red blood cells in the bone marrow.

Mineralcorticoids

A class of steroid hormones that regulate electrolyte and water balance by the kidneys.

Testosterone

A primary male sex hormone that plays key roles in the development of male reproductive tissues and secondary sexual characteristics.