If Income Is Equal to Total Spending, Then in a Closed

question 15

Multiple Choice

If income is equal to total spending, then in a closed economy, it is equal to:

• A) consumption plus investment spending.
• B) savings plus investment.
• C) savings minus investment.
• D) consumption minus investment spending.

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Definitions:

CPU

Central Processing Unit, the primary component of a computer that performs most of the processing inside a computer.

Stored Unit

A measured quantity of energy saved or reserved in a medium or system for future use.

Duplicate

To make an exact copy of something, creating a replica that shares the same characteristics as the original.

Data Files

Electronic files that store a collection of data, often organized in a structured format.