The savings rate in an economy equals:
A) aggregate savings divided by GDP. B) GDP minus aggregate consumption.
C) GDP divided by aggregate savings. D) aggregate savings multiplied by GDP.
A
You might also like to view...
If the government wants to raise tax revenue and shift most of the tax burden to the sellers it would impose a tax on a good with a
a. flat (elastic) demand curve and a steep (inelastic) supply curve. b. steep (inelastic) demand curve and a flat (elastic) supply curve. c. steep (inelastic) demand curve and steep (inelastic) supply curve. d. flat (elastic) demand curve and a flat (elastic) supply curve.
One In the News article in the text titled "The Real March Madness: Ticket Prices " described how professional scalpers use the Internet to sell hard-to-get tickets to concerts and sporting events. Apparently the initial price of the tickets being scalped was too
A. High for equilibrium, resulting in a surplus of tickets. B. Low for equilibrium, resulting in a shortage of tickets. C. Low for equilibrium, resulting in a surplus of tickets. D. High for equilibrium, resulting in a shortage of tickets.