Saving is $15 billion at the $125 billion equilibrium level of output in a closed, private economy. Actual investment must be:

A.  Less than saving
B.  Greater than saving
C.  Equal to $15 billion
D.  Equal to $125 billion

C.  Equal to $15 billion

Economics

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In the figure above, the Lorenz curve that shows the richest 20 percent of households receiving 40 percent of all income is

A) curve A. B) curve B. C) curve C. D) curve D.

Economics

If controlling the level of military expenditures is the most important goal, the most appropriate type of procurement contract would be _____

a. fixed fee b. cost plus fixed fee c. cost plus percentage fee d. cost plus incentive fee

Economics