If an economy is closed and if it has no government, then
a. national saving = 0.
b. national saving = private saving.
c. public saving = investment.
d. gross domestic product = consumption.
b
Economics
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Refer to Figure 24-3. Suppose the economy is at point A. If government spending increases in the economy, where will the eventual long-run equilibrium be?
A) A B) B C) C D) D
Economics
The effects of the national health care program on labor markets will
A) lower the effective wage rate that they must pay for each unit of labor. B) decrease the marginal revenue product of labor. C) increase the marginal revenue product of labor. D) move upward along their downward-sloping marginal-product-of-labor curve.
Economics