Which of the Following Is Not Always Correct for a Closed

question 5

Multiple Choice

Which of the following is not always correct for a closed economy?

• A)National saving equals private saving plus public saving.
• B)Net exports equal zero.
• C)Real GDP measures both income and expenditures.
• D)Private saving equals investment.

---

Definitions:

Marketing Ethics

The area of applied ethics that deals with the moral principles behind the operation and regulation of marketing, covering issues such as honesty, fairness, and responsibility.

Brand Strategy

The long-term plan for the development of a successful brand in order to achieve specific goals.

Brand Name

The unique name given to a product or service by a company to identify and differentiate it in the market.

Brand Mark

A distinct symbol, design, or distinctive coloring or lettering that identifies a brand and differentiates it from others.