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ECON 110 EXAM 3 QUESTIONS WITH 100% VERIFIED ANSWERS

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ECON 110 EXAM 3 QUESTIONS WITH 100% VERIFIED ANSWERS .Liquidity - ANSWERS-is the ease with which a given asset can be converted to a medium of exchange .Private Saving Formula - ANSWERS-S=Y+TR-T-C .Public Saving Formula - ANSWERS-S=T-TR-G .Closed Economy - ANSWERS-In a closed economy there is no trading, borrowing, or lending with other countries .Investment Formula - ANSWERS-I=Y-C-G .Total Savings Formula - ANSWERS-S=Y-C-G because I=S .Budget Surplus - ANSWERS-TTR +G or when the government spends less than it collects in Taxes .Budget Deficit - ANSWERS-TTR+G or when the government spends more than it collects in taxes

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ECON 110 EXAM 3 QUESTIONS WITH
100% VERIFIED ANSWERS


\.Liquidity - ANSWERS✔-is the ease with which a given asset can be converted to a
medium of exchange



\.Private Saving Formula - ANSWERS✔-S=Y+TR-T-C



\.Public Saving Formula - ANSWERS✔-S=T-TR-G



\.Closed Economy - ANSWERS✔-In a closed economy there is no trading,
borrowing, or lending with other countries



\.Investment Formula - ANSWERS✔-I=Y-C-G



\.Total Savings Formula - ANSWERS✔-S=Y-C-G because I=S



\.Budget Surplus - ANSWERS✔-T>TR +G or when the government spends less than
it collects in Taxes



\.Budget Deficit - ANSWERS✔-T<TR+G or when the government spends more than
it collects in taxes

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