In a closed economy,the goods market is in equilibrium when
A) Y = S + I + G.
B) C + S = I + G.
C) C + I = S + G.
D) Y = C + I + G.
In a closed economy,the total quantity of goods demanded equals the sum of
A) consumption spending, investment spending, and government spending.
B) consumption spending, national saving, and taxes.
C) consumption spending, government spending, and taxes.
D) investment spending, national saving, and taxes.
In a closed economy,if the goods market is in equilibrium,national saving is $2 trillion,national consumption is $7 trillion,and government purchases are $2.5 trillion,then GDP equals
A) $7 trillion.
B) $9.5 trillion.
C) $11.5 trillion.
D) Not enough information has been provided to determine the answer.
In a closed economy,national saving equals
A) C + I + G.
B) Y - C - G.
C) Y - C - I.
D) Y - G - I.