Question
In a closed economy, without the government, the consumption expenditure equals $5,000 and the investment expenditure...
In a closed economy, without the government, the consumption expenditure equals $5,000 and the investment expenditure equals $2,000. If the population of the economy is 200, the per capita national income is:
- A. $10.
- B. $17.
- C. $35.
- D. $50.
In a closed economy without the government, income equals:
- A. aggregate consumption.
- B. aggregate savings.
- C. aggregate savings plus aggregate investment.
- D. aggregate savings plus aggregate consumption.
The savings rate designates:
- A. the fraction of income that households save.
- B. the difference between household consumption and savings.
- C. the rate of return households earn on their savings.
- D. the difference between government revenue and government expenditure.
The rate of return that households expect on their savings is determined by:
- A. tax rates.
- B. interest rates.
- C. exchange rates.
- D. government expenditure.
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