Homework Answers
GDP = CONSUMPTION + INVESTMENT + GOVERNMENT SPENDING - TAXES
= 2200 + 350 + 500 - 425
= 2625
National saving = (GDP - T - C) + (T -G)
= GDP - C - G
= 2200 - 350 - 500
= 1350
Private saving = (GDP - T - C) = 2200 - 425 - 350 = 1425
Government saving = T-G = 425-500 = -75
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