the economy of burginville prohibits the exchange of goods, services, or capital flows between itself and…
the economy of burginville prohibits the exchange of goods, services, or capital flows between itself and other countries. which of the following best describes national savings in burginville? choose 1 answer: a public savings only b private savings + public savings c private savings only d private savings + public savings + net capital outflows e private savings + public savings + net capital inflows
Answer
Brief Explanations:
National savings is the sum of private savings and public savings in a closed - economy. Since Burginville prohibits the exchange of goods, services, or capital flows with other countries, it is a closed - economy. Net capital outflows and inflows are zero in a closed - economy and are not part of the national savings formula for such an economy.
Answer:
B. Private savings + public savings