Scenario 26-2

question 61

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,national saving is equal to

• A)$1.1 trillion.
• B)$2.9 trillion.
• C)$1.2 trillion.
• D)$1.7 trillion.

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Definitions:

Incremental Productivity Method

A cost-based sales force sizing approach that compares the cost of adding one salesperson to expected additional sales revenue; the company will keep adding salespeople as long as the revenue exceeds the added cost.

Market Potential

This is an estimate of the maximum total sales of a product or service by all vendors to all potential customers within a specific market segment.

Sales Force Size

The total number of individuals in a company's sales team responsible for selling its products or services.

Ethical Standards

The principles that guide the behavior and decision-making processes of individuals and organizations, aimed at ensuring fairness, integrity, and respect for others.