In a closed economy, public saving is equal to which of the ...

[javeds]

In a closed economy, public saving is equal to which of the following? (Y = GDP, C = Consumption, G = Government purchases, T = Taxes, and TR = Transfers)
 
  A) Y - C - T + TR B) Y - G - T C) T - G - TR D) Y - C - T
 
  Scenario 21-1
 
  Consider the following data for a closed economy:
 
  Y = 12 trillion
  C = 8 trillion
  I = 2 trillion
  G = 2 trillion
  TR = 2 trillion
  T = 3 trillion

Question 2

The U.S. work week has declined from 60 hours in 1890 to 40 hours today. The impact of the decline in working hours
 
  A) increases U.S. GDP and increases the well-being of a typical working person in the U.S.
  B) increases U.S. GDP and decreases the well-being of a typical working person in the U.S.
  C) decreases U.S. GDP and decreases the well-being of a typical working person in the U.S.
  D) decreases U.S. GDP and increases the well-being of a typical working person in the U.S.

[jonathanballen97]

Answer to Question 1

C

Answer to Question 2

D

[javeds]

Correct answers!

[jonathanballen97]

Great! Please up vote