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An economy that does not import or export goods
What else can I help you with?
Is the US a closed economy?
No
Is open end economy better than closed economy?
no
What you mean by open economy and closed economy?
By open economy it means that economy in which private people are allowed to participate in making economic decisions while,by closed economy it means the economy in which the government is the one planning for the whole society
What country has the most closed economy?
CHINA!
What are the assumptions of multiplier theory of keynes?
closed economy
What major business closed due to economy?
GM, Gotchalks, Mervans
A free what was closed to slavery?
It is a free STATE that is closed by slavery. You know..... like when there is a free state, there is NO slavery. Therefore, it is like slavery is closed, that is way it is called closed to slavery.
What is the Circular flow of national income in four sector economy?
The economy is no longer closed and all other assumptions hold.
In closed economy national savings equal?
In a closed economy, national savings equal the sum of private savings and public savings. This means that national savings can be represented by the equation: National Savings = Private Savings + Public Savings. Since there is no foreign trade, all income generated within the economy is either consumed or saved domestically. Therefore, national savings is also equal to investment in a closed economy, as savings must finance investment.
How Many Cinnabon Stores Have Closed?
There have been over 40 Cinnabon stores that have been closed in the last decade. This is due to a harsh economy and cutbacks.
What monetary policy will reduce inflation rates in a closed economy?
contract the money sypply
Why does equilibrium real GDP occur where C plus Ig equals GDP in a private closed economy?
The equilibrium and the real GDP usually occurs where C plus LG equals GDP in a private closed economy because of the balance in trade.
