In an Open Economy, GDP Is $12 Trillion This Year

question 313

Multiple Choice

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. How much is national saving?

• A) $4 trillion
• B) $3.5 trillion
• C) $2 trillion
• D) $5.5 trillion

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Definitions:

Managerial Practices

The strategies, methods, and techniques used by managers to guide and improve an organization's operations and employee performance.

Mentoring

A developmental relationship where a more experienced or knowledgeable person helps to guide a less experienced or less knowledgeable person.

Coaching

is a developmental process where an experienced individual, known as a coach, supports a learner or client in achieving a specific personal or professional goal through guidance and encouragement.

Job Adjustment

The process by which individuals adapt to their work environment, often involving changes in role, responsibilities, or attitude towards the job.