Which one of the following is TRUE in an open economy with a government sector?
A) The equilibrium level of real GDP occurs when total planned real expenditures equal real GDP.
B) The equilibrium level of real GDP occurs when planned real investment spending is zero.
C) The equilibrium level of real GDP occurs when planned real saving equals government spending.
D) The equilibrium level of real GDP occurs when real net export spending equals zero.
A
Economics
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Of the following high-income countries, which has the highest male life expectancy at age 65?
A) Canada B) Japan C) the United Kingdom D) the United States
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If the consumption function is expressed as C = a + mpc × YD, then "mpc" represents
A) autonomous consumer expenditure. B) the marginal propensity to consume. C) the expenditure multiplier. D) disposable income.
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