Suppose GDP Is $800 Billion,net Taxes Equal $150 Billion,government Purchases

question 83

Multiple Choice

Suppose GDP is $800 billion,net taxes equal $150 billion,government purchases are $160 billion,investment is $120 billion,and net exports are $5 billion.The private saving rate is ________.

• A)19%
• B)16%
• C)21%
• D)18%
• E)none of the above

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Definitions:

Direct Experience

Direct experience refers to knowledge or competency gained through personal involvement or participation, as opposed to learning through observation or second-hand information.

Accessible Attitude

Accessible attitude refers to an attitude that is easy to recall from memory due to its frequency of activation or the strength of associated beliefs and experiences.

Correspond With Behaviour

To match or align with actions; the degree to which stated beliefs or attitudes are reflected in one’s actions.

Recall

The act of retrieving information or memories from the past without the aid of external cues.