Which of the following represents total saving for an economy?
A) the sum of private saving and fixed investment
B) the sum of private saving and consumption
C) the sum of taxes and government spending
D) the excess of taxes over government spending
E) none of the above
E
Economics
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Based on the table above,
a. What is the equilibrium price level and real GDP? b. If potential GDP is $11.0 trillion, what does that imply about the economy's level of employment? c. If potential GDP is $9.0 trillion, what does that imply about the economy's level of employment?
Economics
_______ refers to how quickly, easily, and reliably an asset can be converted into cash.
a) Barter b) Fiat money c) Unit of account d) Liquidity
Economics