Use the Following to Answer Questions

question 369

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 national saving?

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

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Definitions:

Confidence Interval

A range of numbers, derived from statistical analyses of samples, likely to possess the value of a population parameter that remains unknown.

Confidence Interval

A range of values derived from sample statistics that is likely to contain the value of an unknown population parameter.

Sample Mean

The average of a set of numerical values taken from a sample, intended to estimate the population mean.

Confidence Interval

A statistical range, with a given probability, that is likely to contain the true value of an unknown population parameter.