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A closed economy has income of $1,200 billion, government spending of $220 billion, taxes of $170 billion, and investment spe
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Answer #1

Answer

Consumer sendings =income -government spending -investment

=1200-220-250

=730 billion

the consumer spending is 730=Y

=====

Private saving=Y-T-C

=1200-170-730

=300 billion

====
Public saving=T-G

=170-220

=-$50 billion

=======
National saving=Y-C-G

=1200-730-220

=$250 billion.

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