Suppose GDP is $8 trillion, taxes are $1.5 trillion, private saving is $0.5 trillion, and public saving is $0.2 trillion. Assuming this economy is closed, calculate consumption, governmentpurchases, national saving, and investment.
Bus 351 – Operations and Supply Chain Management February 14, 2016 Fall 2015 – Pfrank Test 1 - Chapters 1, 2, 4, 5 (45 points – total) TRUE/FALSE Enter T or F in space provided (25 points) 1. Efficiency means doing the right things to create the most value for the company. F 2. Project management can be defined as planning, directing, and controlling resources to meet the technical, cost, and time constraints of the project. T 3. Aproject may be defined as a series of related jobs directed toward some major output and requiring a significant period of time to perform. T 4. The triple bottom line considers evaluating the firm against social, economic, and environmental criteria. T 5. Low rates of