The terms "saving" and "savings" differ in that
A) saving is a stock, and savings are a flow.
B) saving always exceeds savings.
C) savings are a stock, and saving is a flow.
D) savings can be negative, but saving cannot.
C
Economics
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Last year in a small economy, consumption spending was $12,000, investment spending was $3,500, government spending was $4, 000, exports were $1,150, and imports were $1,350. What was GDP for this economy last year?
What will be an ideal response?
Economics
In Ugoland, the money supply is $8 million and reserves are $1 million. Assuming that people hold only deposits and no currency, and that banks hold no excess reserves, then the reserve requirement is
a. 14 percent. b. 12.5 percent. c. 8 percent. d. None of the above is correct.
Economics