When a Closed Economy Is in Equilibrium,we Know with Certainty

question 30

Multiple Choice

When a closed economy is in equilibrium,we know with certainty that

• A)I = S + (T -G.)
• B)I = S.
• C)I = S + (G - T).
• D) G = T and S = I.

---

Definitions:

Power Distance

A cultural dimension that reflects the extent to which inequalities and hierarchical differences are accepted and endorsed by individuals and groups within a society.

Social Status

An individual's position or rank within a social hierarchy, which can be determined by factors like wealth, occupation, education, or family lineage.

Inequalities

The existence of disparities or unequal conditions in aspects such as wealth, resources, opportunities, or treatments among different groups or individuals.

Sexism

Discrimination or prejudice based on a person's sex or gender, often manifesting in societal, political, or economic disadvantages for women.