Refer to the diagram for a private closed economy. The equilibrium level of GDP is:

A market system (market economy) depends on the market to

a. find the most efficient way of using resources. b. determine how large the budget deficit should be. c. decide how much government regulation there should be. d. provide minimum incomes for everyone. e. All of the above are correct.

Indians and Indian-Americans have played a pivotal role in powering Silicon Valley's digital revolution. The emigration of talented people from countries like India to countries like the United States is often called:

A. credentialism. B. the brain drain. C. Malthusianism. D. outsourcing.