4 years ago

Which of the following statements is correct for a private, closed economy?

Social Studies

1 answer:

Luda [366]4 years ago

8 0

Answer:

A. Saving equals planned investment only at the equilibrium level of GDP.

Explanation:

A private closed economy is an economy which includes businesses and households , but not government or international trade.

The correct statement among the given statements is saving equal planned investment only at the equilibrium level of GDP.

Hence the answer is option A.

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