In a closed economy, private saving is equal to which of the following? (Y = GDP, C = Consumption, G = Government purchases, T = Taxes, and TR = Transfers)
A) Y + TR - C - T B) Y - C - T C) Y - G - T + TR D) Y - G - T
A
Economics
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The table above shows a production possibilities frontier for an economy. Which of the following combinations is unattainable?
A) 300 loaves of bread and 200 books B) 100 loaves of bread and 800 books C) 0 loaves of bread and 800 books D) 200 loaves of bread and 800 books E) 0 loaves of bread and 0 books
Economics
Empirical studies show that countries with low standards are very successful at attracting foreign investment
Indicate whether the statement is true or false
Economics