Suppose Private Saving in a Closed Economy Is $12b and Investment

question 6

Multiple Choice

Suppose private saving in a closed economy is $12b and investment is $10b.

• A)National saving must equal $12b.
• B)Public saving must equal $2b.
• C)The government budget surplus must equal $2b.
• D)The government budget deficit must equal $2b.

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Definitions:

Plane Operating Costs

Expenses related to the operation of an aircraft, including fuel, maintenance, crew, and insurance.

Flights

Scheduled air services between two points, but in business terms, it can also refer to a rapid execution of a series of tasks or operations.

Plane Operating Costs

The expenses related to operating an aircraft, including maintenance, fuel, and crew expenses.

Planning Budget

A planning budget is formulated prior to a budget period and is based on management's objectives, serving as a guide for financial planning and performance evaluation.