Under which of the following circumstances would private saving ...

[acc299]

Under which of the following circumstances would private saving be positive in a closed economy?
 
  A) Y = 6 trillion
  C = 2 trillion
  TR = 8 trillion
  G = 3 trillion
  public saving = 1 trillion B) Y = 10 trillion
  C = 5 trillion
  TR = 2 trillion
  G = 2 trillion
  public saving = 1 trillion
  C) Y = 8 trillion
  C = 2 trillion
  TR = 4 trillion
  G = 2 trillion
  public saving = 4 trillion D) Y = 9 trillion
  C = 5 trillion
  TR = 1 trillion
  G = 1 trillion
  public saving = 3 trillion

Question 2

Refer to Figure 2-6. If the economy is currently producing at point E, what is the opportunity cost of moving to point B?
 
  A) 30 thousand wrenches B) 10 thousand hammers
  C) 13 thousand hammers D) 0 wrenches

[helenmarkerine]

Answer to Question 1

B

Answer to Question 2

D

[acc299]

Thank you

[helenmarkerine]

No problemo