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This Question: 1 pt 15 of 30 The figure shows the flows of income and expenditure in an economy In 2008, Q was $1,200 billion

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Answer #1

We are given that

  • Q (Income) = 1200
  • U (Government spending) = 200
  • W (Consumption) = 650
  • R (Taxes) = 150
  • Z (Net exports) = 75

This implies that Q = W + U + Investment + Z

1200 = 650 + 200 + I + 75

I = 275

Hence investment = 275

Saving = Investment + NX = 275 + 75 = 350

Thus, saving = 350.

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