In a closed economy that is in equilibrium, investment is equal to:

A. private saving.
B. public saving.
C. private saving plus public saving.
D. disposable income minus consumption.

Ans: C. private saving plus public saving.

Economics

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Producer surplus is the ________ summed over the quantity produced

A) price of the good minus the marginal cost of producing it B) marginal benefit of the good minus its marginal cost C) marginal benefit of the good minus its price D) marginal cost of the good minus the opportunity cost of producing it E) None of the above answers is correct.

Economics

The U.S. federal government spends its revenues in a number of ways. Rank the following spending categories from largest to smallest

a. income security, health, national defense, net interest b. health, national defense, net interest, income security c. net interest, health, income security, national defense d. national defense, income security, net interest, health

Economics