Public saving is T - G, while private saving is Y - T - C
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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Many state and local governments find themselves faced with increasing retirement expenditures for retired government employees. These increasing expenditures will ________ GDP because they are categorized as ________
A) increase; government purchases B) increase; gross private domestic investment C) decrease; state and local government purchases D) not change; transfer payments.
Economics
The primary purpose of economics is to understand how people make
A) money. B) goods and services. C) choices. D) a comfortable living.
Economics