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The Country of Growpaw Does Not Trade with Any Other

Question 54

Multiple Choice

The country of Growpaw does not trade with any other country.Its GDP is $20 billion.Its government purchases $3 billion worth of goods and services each year,collects $4 billion in taxes,and provides $2 billion in transfer payments to households.Private saving in Growpaw is $4 billion.What is investment in Growpaw?


A) $5 billion
B) $4 billion
C) $3 billion
D) $11 billion

Correct Answer:

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