If There Is No Government and No Foreign Sector in the Economy

question 57

Multiple Choice

If there is no government and no foreign sector in the economy:

• A) personal income and disposable personal income are unequal.
• B) international trade is an important part of total spending.
• C) GDP = C + I.
• D) budget and trade deficits are important parts of the model of the economy.

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Definitions:

Process Evaluation

An assessment technique focused on the implementation process of a program or intervention, examining its fidelity, quality, and reach.

Administrative Policies

Guidelines and rules established by organizations to govern operations and decisions.

Financial Policies

Guidelines and rules that govern an organization's actions regarding financial operations, including spending, lending, and budgeting.

Health Behaviors

Activities performed by individuals that may influence their health, either positively or negatively.