24.In a closed economy, investment spending, I, must equal:A)GDP – C – G.B)GDP – C.C)GDP – C– G– D)GDP – [C × G
].25.The government saves when it:
26.The government saves when:
27.National savings in a closed economy is all of the following EXCEPT:
28.One difference between a closed and an open economy is that:A)in the latter, foreign savings complement domestic savings in financing investment spending.B)in the latter, the government is more open to the idea of financing investment spending than in the former.C)in the former, foreign savings complement domestic savings in financing investmentspending.D)in the former, foreign savings finance more investment spending than in the latter.
29.The savings–investment spending identity says that savings and investment spending are: