Which of the Following Is Not Always Correct for a Closed

question 5

Multiple Choice

Which of the following is not always correct for a closed economy?

• A)National saving equals private saving plus public saving.
• B)Net exports equal zero.
• C)Real GDP measures both income and expenditures.
• D)Private saving equals investment.

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Definitions:

Characteristics

Distinctive features or qualities that define a person, thing, or phenomenon.

Effective Leader

A person who can influence and guide followers or other members of an organization to achieve specific goals in an efficient manner.

Trait Theories

Theories that focus on identifying, describing, and measuring individual personality characteristics or traits.

Leadership

The act of guiding, directing, or influencing individuals or groups towards achieving a common goal through inspiration and example.