In a closed economy with no government, the level of national saving is equal to the level of investment.Group of answer choicesTrueFalse

Consider a closed economy. Household saving is $300, business saving is $700, government purchases are $1000, government transfers and interest payments are $500, government tax collections are $1300, and GDP is $5000. What is national saving?

Holding all else equal, the National Saving decreases when:Group of answer choicesthe value of the marginal product of capital fallsthe government budget moves from surplus to deficitgovernment expenditure fallsfirms increase their investment

The question below is based on the following equations, which refer to a model of a closed economy without a government sector:

If domestic saving is less than domestic investment, then a country will have a __________ and __________ net capital inflows.Group of answer choicesbalance on merchandise trade; zerotrade surplus; negativetrade deficit; positivetrade deficit; negative

The introduction of new technologies:Group of answer choicesincreases the real interest rate and does not change the equilibrium quantity of national savingincreases the real interest rate and increases the equilibrium quantity of national savingincreases the real interest rate and decreases the equilibrium quantity of national savingdecreases the real interest rate and increases the equilibrium quantity of national saving