The Country of Yokovia Does Not Trade with Any Other

question 39

Multiple Choice

The country of Yokovia does not trade with any other country. Its GDP is $20 billion. Its government collects $4 billion in taxes and pays out $3 billion to households in the form of transfer payments. Consumption equals $15 billion and investment equals $2 billion. What is public saving in Yokovia, and what is the value of the goods and services purchased by the government of Yokovia?

• A)-$2 billion and $3 billion
• B)$1 billion and $3 billion
• C)-$1 billion and $4 billion
• D)There is not enough information to answer the question.

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Definitions:

Assembly-Line Production

A manufacturing process in which parts are added to a product in a sequential manner using optimally planned logistics to create a finished product much faster than with traditional methods.

Studio Mogul

An influential, powerful individual who owns or manages a film studio, playing a significant role in decisions regarding film production and distribution.

Projects Produced

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Behind the Scenes

This term refers to the aspects of film production that occur during the making of a movie which are not visible in the final product.