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:

Urban Haiti

refers to the urban areas within Haiti, a country in the Caribbean, focusing on aspects like city life, infrastructure, economic activities, and challenges faced by urban populations.

Leading Cause

The primary factor or condition that results in a specific outcome or effect, especially in contexts like health, where it might refer to the most common cause of death or illness.

Achieve Potential

The process of realizing one's full capabilities or reaching the highest level of performance possible.