Suppose That in a Closed Economy GDP Is Equal to 20,000,consumption

question 54

Multiple Choice

Suppose that in a closed economy GDP is equal to 20,000,consumption equal to 15,000,government purchases equal 4,000 and taxes equal 3,000.What are private saving,public saving,and national saving?

• A)-2,000,1,000,and 2,000,respectively.
• B)1,000,2,000,and 3,000,respectively.
• C)2,000,-1,000,and 1,000,respectively.
• D)2,000,1,000,and 2,000,respectively.

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Definitions:

Gingivitis

A common and mild form of gum disease (periodontal disease) that causes irritation, redness, and swelling (inflammation) of your gingiva, the part of your gum around the base of your teeth.

Sweat Glands

Specialized exocrine glands found in the skin that produce sweat as a mechanism for thermoregulation and excretion.

Bathing

The act of washing oneself or another, typically in a bathtub or shower, for purposes of hygiene or relaxation.

Athlete's Foot

A fungal infection that affects the skin on the feet, known medically as tinea pedis, commonly occurring in environments that are moist and warm.