Consider Three Different Closed Economies with the Following National Income

question 13

Multiple Choice

Consider three different closed economies with the following national income statistics.Country A has taxes of $40 billion,transfers of $20 billion,and government expenditures on goods and services of $30 billion.County B has private savings of $60 billion,and investment expenditures of $40 billion.Country C has GDP of $300 billion,investment of $90,consumption of $180 billion,taxes of $60 billion and transfers of $20 billion.From this information,we know that

• A)country A has the largest government budget deficit.
• B)country B has the largest government budget deficit.
• C)country C has the largest government budget deficit.
• D)The government budget deficit is equal in all three countries.

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Definitions:

Clayton Alderfer

A psychologist known for developing ERG theory, which categorizes human needs into existence, relatedness, and growth categories.

Prepotent Levels

Dominant or primary stages in a hierarchy of needs or motivations, often compelling an individual to act to fulfill them before addressing less critical needs.

Equity Theory

A theory of motivation that suggests employees are motivated to achieve equity or fairness in the workplace, particularly in relation to others.

Motivation

The process that initiates, guides, and maintains goal-oriented behaviors, driving individuals to pursue and achieve objectives.