You Observe a Closed Economy That Has a Government Deficit

question 36

Multiple Choice

You observe a closed economy that has a government deficit and positive investment.Which of the following is correct?

• A)Private and public saving are both positive.
• B)Private saving is positive;public saving is negative.
• C)Private saving is negative;public saving is positive.
• D)Both private saving and public saving are negative.

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Definitions:

API Gravity Degrees

A measure of how heavy or light a petroleum liquid is compared to water, used in the oil industry to characterize crude oil.

T-Table Values

Values found in a table that correspond to the T-Distribution, used for hypothesis testing in statistics, especially when the sample size is small and the population standard deviation is unknown.

Confidence Level

The probability that a confidence interval will capture the population parameter in repeated samples.

Simple Linear Regression

A mathematical technique that represents the association between a single independent variable and a dependent variable through a linear formula.