Question

In a private closed economy _____ investment is equal to saving at all levels of GDP and equilibrium occurs only at that level of GDP where _____ investment is equal to saving.

A. planned; actual
B. actual; planned
C. gross; net
D. net; gross

Answer 1

B

Step-by-step explanation:

In a private closed economy (actual) investment is equal to saving at all levels of GDP and equilibrium occurs only at that level of GPD where (planned) investment is equal to saving.