In Which of the Following Cases Would It Necessarily Be

question 89

Multiple Choice

In which of the following cases would it necessarily be true that national saving and private saving are equal for a closed economy?

• A)Private saving is equal to government expenditures.
• B)Public saving is equal to investment.
• C)After paying their taxes and paying for their consumption,households have nothing left.
• D)The government's tax revenue is equal to its expenditures.

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Definitions:

Production Processes

The methods and sequences of operations used by manufacturers to produce goods, involving material selection, fabrication, and assembly.

Promotional Campaign

An organized course of action to promote a product, service, or event to increase awareness, sales, or engagement among target audiences.

Profit

The financial gain obtained when the amount earned from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

GDP

Gross Domestic Product, the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period.