Consider a closed economy without the government. If the savings rate in the economy is 20% and the aggregate savings is $10,000, the aggregate consumption in the economy is:
A) $37,000. B) $45,000. C) $10,000. D) $50,000.
D
Economics
You might also like to view...
Economic profit is most closely associated with:
A. the process of saving and investing. B. monopoly, innovation, and uninsurable risks. C. long-run competitive equilibrium. D. a static economy.
Economics
The Heritage Foundation in 2012 ranked which of the following economies to have among the highest economic freedom?
A. The United States B. Germany C. Argentina D. Hong Kong
Economics