Consider Three Different Closed Economies with the Following National Income

question 13

Multiple Choice

Consider three different closed economies with the following national income statistics.Country A has taxes of $40 billion,transfers of $20 billion,and government expenditures on goods and services of $30 billion.County B has private savings of $60 billion,and investment expenditures of $40 billion.Country C has GDP of $300 billion,investment of $90,consumption of $180 billion,taxes of $60 billion and transfers of $20 billion.From this information,we know that

• A)country A has the largest government budget deficit.
• B)country B has the largest government budget deficit.
• C)country C has the largest government budget deficit.
• D)The government budget deficit is equal in all three countries.

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Definitions:

Alternative Work Arrangements

include flexible work schedules, telecommuting, part-time work, and other non-traditional working conditions that can offer employees greater flexibility and satisfaction.

Diverse Workforce

An employment setting comprised of individuals from various backgrounds, including race, gender, age, and cultural heritage.

Job Rotation

The practice of moving employees between different tasks or positions within an organization to increase versatility and reduce boredom.

Task Variety

The degree to which a job or role involves a wide range of different activities requiring various skills and knowledge.