Suppose GDP Is $800 Billion, Net Taxes Equal $150 Billion

question 64

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:

PCI

A standard (Payment Card Industry Data Security Standard) designed to secure credit and debit card transactions against data theft and fraud.

Psychologically Healthy Workplace

An organizational setting that promotes mental health and well-being through supportive policies and practices.

Employee Involvement

A workplace strategy that encourages employees to contribute ideas and participate in decision-making processes to improve the business and their own job satisfaction.

Visible Minorities

Individuals of a race or ethnicity that is different from the majority population in a specific country or region, often facing unique social and economic challenges.