In a Closed Economy,public Saving Is Equal to Which of the Following

question 19

Multiple Choice

In a closed economy,public saving is equal to which of the following? (Y = GDP,C = Consumption,G = Government purchases,T = Taxes,and TR = Transfers)

• A)Y - C - T
• B)Y - G - T
• C)T - G - TR
• D)Y - C - T + TR

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Definitions:

Behaviorist Theories

A view in psychology which states that all behaviors are learned through interaction with the environment through conditioning.

Cognitive Modeling

Cognitive Modeling is the process of creating computational models to simulate human problem-solving and mental task processes.

Nervous System

An extensive network of specialized cells that carries information to and from all parts of the body.

Personality Trait

Enduring patterns of thought, feeling, and behavior that characterize an individual and differentiate them from others.