For a closed economy, GDP is $13 trillion, consumption is $9 trillion, taxes are $4 trillion and the government runs a surplus of $1 trillion. What is national saving? a.$1 trillion
b.$5 trillion
c.$2 trillion
d.$3 trillion

In the economy of Russia in 2020, consumption was $3500, exports were $200, GDP was $7200, government purchases were $2500, and investment was $2,000. What were Russia’s imports in 2020?
a.$14,400
b.$800
c.$8200
d.$1,000

Suppose that in a closed economy GDP is equal to 10,000, taxes are equal to 3,500 consumption equals 6,000 and government purchases equal 2,000. What are private saving, public saving, and national saving?
a.2,500, 1,000, and 1,500, respectively
b.2,000, 2,000, and 1,500, respectively
c.2,000, 500, and 1,500, respectively

You invest all the money you earned during your summer sales job (a total of $45,000) into the stock of a company that produces fat and carb-free cheetos. the company stock is expected to earn a 14% annual return; however, 5 years later it is only worth $20,000. turns out there wasn't as much demand for fat and carb-free cheetos as you had hoped. what is the annual rate of return on your investment?

Which of the following differentiates cost accounting and financial accounting? a. the primary users of cost accounting are the investors, whereas the primary users of financial accounting are the managers. b. cost accounting measures only the financial information related to the costs of acquiring fixed assets in an organization, whereas financial accounting measures financial and nonfinancial information of a company's business transactions. c. cost accounting measures information related to the costs of acquiring or using resources in an organization, whereas financial accounting measures a financial position of a company to investors, banks, and external parties. d. cost accounting deals with product design, production, and marketing strategies, whereas financial accounting deals mainly with pricing of the products.

Why does an organization prepare a balance sheet? a. to reveal what the organization owns and owes at a point in time b. to reveal how well the company utilizes its cash c. to calculate retained earnings for a given accounting period d. to calculate gross profit for a given accounting period