Suppose That in a Closed Economy GDP Is Equal to 11,000,taxes

question 7

Multiple Choice

Suppose that in a closed economy GDP is equal to 11,000,taxes are equal to 1,000,consumption equals 7,500,and government purchases equal 2,000.What is national saving?

• A)-500
• B)500
• C)2,000
• D)None of the above is correct.

---

Definitions:

Middle-Aged Americans

Refers to adults in the United States typically aged between 45 and 65, often experiencing unique social, economic, and health-related issues.

Panic Begins

The onset of an overwhelming feeling of fear and anxiety.

Buffer Zone

A neutral area serving to separate or protect conflicting groups or nations, or to reduce the impact of disturbances.

Euphemisms

The use of softer or less direct language in place of terms deemed too harsh or straightforward when mentioning something unpleasurable or awkward.