Scenario 26-2

question 74

Multiple Choice

Scenario 26-2.Assume the following information for an imaginary,closed economy.
GDP = $5 trillion;consumption = $3.1 trillion;
government purchases = $0.7 trillion;and taxes = $0.9 trillion.
-Refer to Scenario 26-2.For this economy,public saving is equal to

• A)$0.2 trillion and the government is running a budget surplus of $0.2 trillion.
• B)$0.2 trillion and the government is running a budget deficit of $0.2 trillion.
• C)-$0.2 trillion and the government is running a budget deficit of $0.2 trillion.
• D)-$0.2 trillion and the government is running a budget surplus of $0.2 trillion.

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Definitions:

Global Supply Chains

Supply chain operations that involve production and delivery activities spread over different countries, offering advantages like cost reduction and access to new markets but also presenting complex challenges.

Transit Times

The duration it takes for goods to be transported from one point to another, often considered in the selection of shipping methods.

Disruptions

Events or activities that cause a disturbance or interruption in normal operations or supply chain activities.