Which of the following must be true of an economy in equilibrium with no foreign sector (check all that apply)? Question options: There are no savings (S = 0) The sum of all injections equals the sum of all leakages Any private surplus will be equal to a public (government) deficit of the same size (dollar value) Actual investment (including inventories) is equal to intended investment G – T = S – II S + II = T + G
Which of the following must be true of an economy in equilibrium with no foreign sector (check all that apply)? Question options: There are no savings (S = 0) The sum of all injections equals the sum of all leakages Any private surplus will be equal to a public (government) deficit of the same size (dollar value) Actual investment (including inventories) is equal to intended investment G – T = S – II S + II = T + G
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
Which of the following must be true of an economy in equilibrium with no foreign sector (check all that apply)?
Question options:
|
There are no savings (S = 0) |
|
The sum of all injections equals the sum of all leakages |
|
Any private surplus will be equal to a public (government) deficit of the same size (dollar value) |
|
Actual investment (including inventories) is equal to intended investment |
|
G – T = S – II |
|
S + II = T + G |
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