If Saving Is Less Than Domestic Investment,then

question 133

Multiple Choice

If saving is less than domestic investment,then

• A)there is a trade deficit and Y > C + I + G.
• B)there is a trade deficit and Y < C + I + G.
• C)there is a trade surplus and Y > C + I + G.
• D)there is a trade surplus and Y < C + I + G.

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Definitions:

Attributes

Characteristics or qualities that are inherent in or ascribed to someone or something, defining aspects of their identity or nature.

Fundamental Attribution Error

The tendency to attribute behaviors to a person’s internal qualities while underestimating situational influences.

Unemployed

The state of being without a paid job but available to work.

Illusory Correlation

A cognitive bias where a relationship is perceived between two variables even when no such relationship exists.