much is investment spending?
18.In a simple closed economy, all investment spending must come from:
19.The budget balance equals:A)taxes plus government spending.B)taxes minus government spending.C)consumption plus investment.D)imports minus exports.
20.A budget surplus exists when:
21.National savings is the sum of private savings and:
22.In a closed economy, all investment spending must come from:
23.The savings–investment spending identity says that:A)each person in the economy must invest as much as he or she saves.B)savings and investment spending are always equal for the economy as a whole.C)savings must equal government investment for the economy as a whole.