Which of the following statements is correct?
a. The total income in the economy that remains after paying for consumption and government purchases is called private saving.
b. The sum of private saving and national saving is called public saving.
c. For a closed economy, the sum of private saving and public saving must equal investment.
d. For a closed economy, the sum of consumption, national saving, and taxes must equal GDP.
c
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The excess of government purchases over tax collections is:
A. national income. B. national saving. C. the government budget deficit. D. national wealth.
While some countries might be better off (in terms of social surplus) from the imposition of a tariff, the world overall is always worse off (in terms of social surplus) when import tariffs are imposed.
Answer the following statement true (T) or false (F)
The supply of a good is a function of price and the demand for the good
Indicate whether the statement is true or false
Which policy measure requires investment banks to sever the links between research and securities underwriting?
A) Sarbanes-Oxley Act of 2002 B) Global Legal Settlement of 2002 C) Gramm-Leach-Bliley Act of 1999 D) Riegle-Neal Act of 1994