Scenario 8-2

question 31

Multiple Choice

Scenario 8-2. Assume the following information for an imaginary, closed economy.
GDP = $200,000; consumption = $120,000;
government purchases = $35,000; and taxes = $25,000.
-Refer to Scenario 8-2. For this economy, public saving is equal to

• A) $-10,000 and the government is running a budget deficit of $10,000.
• B) $-10,000 and the government is running a budget surplus of $10,000.
• C) $10,000 and the government is running a budget deficit of $10,000.
• D) $10,000 and the government is running a budget surplus of $10,000.

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Definitions:

ATPs

Adenosine triphosphate, a molecule that stores and transports chemical energy within cells for metabolic processes.

Collagen

A protein that is the main component of connective tissues, providing strength, elasticity, and structure to skin, bones, tendons, and ligaments.

Proteins

Proteins are large, complex molecules made up of amino acids that play many critical roles in the body, including building and repairing tissues.

Pantothenic Acid

Also known as vitamin B5, an essential nutrient that plays a key role in the metabolism and synthesis of carbohydrates, proteins, and fats.