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:

Erection

The physiological process whereby erectile tissue fills with blood, causing the penis or clitoris to become enlarged and firm, typically in response to sexual arousal.

Circumcision

The surgical removal of the foreskin from the penis.

Foreskin

The retractable fold of skin covering the tip of the penis in uncircumcised males.

Foreskin

The fold of skin covering the head of the penis, which can be surgically removed via circumcision.