The private sector surplus or deficit equals
A) saving minus investment.
B) net taxes minus government purchases.
C) investment minus saving.
D) government purchases minus net taxes.
A
You might also like to view...
The goal of a perfectly competitive firm is to maximize its
A) normal profit. B) revenue. C) output. D) economic profit.
Without a copyright, the high fixed costs of textbook creation
A. would be lower. B. would be more easily recoverable. C. would be higher. D. would be nearly impossible to recover.
The gold standard ended in the 1970s because the gold supplies failed to keep pace with the increase in money supplies required for industrialization and rapid economic growth witnessed in this era
a. True b. False Indicate whether the statement is true or false
The sale of __________ goods is omitted from current GDP because __________
A) intermediate goods; these goods do not constitute production B) used goods; these goods were counted in an earlier year C) illegal; these goods do not constitute economic value D) b and c E) a, b, and c