If Real GDP in a Closed Economy Is $40 Billion,consumption

question 239

Multiple Choice

If real GDP in a closed economy is $40 billion,consumption is $20 billion,and government purchases are $10 billion,what is investment?

• A)$10 billion
• B)$30 billion
• C)$40 billion
• D)$70 billion

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Definitions:

Predictors

Variables used in regression analysis to forecast the value of an outcome variable.

Independent Variable

An independent variable is a variable that is manipulated or changed in an experiment to test its effect on a dependent variable.

Dependent Variable

The outcome factor in a study that changes in response to manipulations of the independent variable.

Predicted Score

An estimate based on a model or algorithm of what a variable's value will be based on other variables.