You Observe a Closed Economy That Has a Government Deficit

question 36

Multiple Choice

You observe a closed economy that has a government deficit and positive investment.Which of the following is correct?

• A)Private and public saving are both positive.
• B)Private saving is positive;public saving is negative.
• C)Private saving is negative;public saving is positive.
• D)Both private saving and public saving are negative.

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Definitions:

Fewer Mistakes

A term that refers to making less errors or inaccuracies in a process or activity.

Inspired

A state of being mentally stimulated to do or feel something, especially to do something creative.

Cognitive Tasks

Tasks that require mental processes such as perception, memory, problem solving, and decision-making.

Intelligence

All-purpose ability to do well on cognitive tasks, to solve problems, and to learn from experience.