Which of the following is FALSE about private savings and government savings?
A) SP = Y - T - C
B) Unlike private saving decisions, government saving decisions are often made with an eye toward their effect on output and employment.
C) Total savings (S) = SP + .
D) The national income identity can help us to analyze the channels through which government saving decisions influence macroeconomic conditions.
E) None of the above; all statements are true.
E
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National saving minus private saving is equal to
A) the government surplus. B) private disposable income. C) the current account deficit. D) interest on the government debt.
Suppose that in Southlandia, frictional unemployment is 2%, structural unemployment is 3%, and cyclical unemployment is 4%. What is the natural rate of unemployment in Southlandia?
a) 2% b) 3% c) 5% d) 9%
Refer to the above figure. Given our current level of technology and resources, the unobtainable point(s) of production would be
A. points a and c. B. point a. C. point b. D. point c.
Which of the following nations was the world's largest exporter in 2012?
A. Germany B. The United States C. Japan D. China