In a closed economy, Y - C - G equals _____. The variable Y is _____, C is _____, and G is _____
Fill in the blank(s) with correct word
national saving/investment, output/GDP, consumption, government purchases
Economics
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A level at which the marginal production goes up with new investment:
a. increasing marginal returns b. total cost c. marginal revenue d. marginal product of labor e. marginal cost
Economics
Allocative efficiency is concerned with:
A. producing the combination of goods most desired by society. B. achieving the full employment of all available resources. C. producing every good with the least-cost combination of inputs. D. reducing the concavity of the production possibilities curve.
Economics