Where Y is GDP, C is consumption, I is investment, (G ) is government spending, (T ) is net taxes, and there is no international trade, public saving equals:
A. T - G.
B. Y + T - G.
C. Y - C - T.
D. Y - T - C.
Answer: A
You might also like to view...
Suppose that when the price of oranges decreases, Sarita decreases her purchases of peaches. To Sarita,
A) oranges and peaches are normal goods. B) oranges and peaches are substitutes. C) oranges and peaches are complements. D) oranges and peaches are inferior goods.
An externality is a cost or a benefit that falls on a third party and is ignored by buyers and sellers involved in the market transaction
Indicate whether the statement is true or false
What are the sources of the demand for loanable funds? What happens to the quantity of loanable funds demanded when the interest rate rises?
Which of the following is false?
A) It is impossible for a person to be uninformed on who is running for president, what the candidates stand for, and on everything else connected with presidential politics and still be rational. B) Failure to vote in an election is not necessarily a sign of apathy. C) Informed voters necessarily have a larger impact on elections than uninformed voters. D) a and c