In a closed economy, the values for GDP, consumption spending, investment spending, transfer payments, and taxes...
In a closed economy, the values for GDP, consumption spending, investment spending, transfer payments, and taxes are as follows:
|
Y = |
$12 trillion |
|
C = |
$9 trillion |
|
I = |
$3 trillion |
|
TR = |
$2 trillion |
|
T = |
$3 trillion |
Using the information above, what is the value of private saving and public saving?
A.
Private saving equals
$3
trillion and public saving equals
$9
trillion.
B.Private saving equals
$1
trillion and public saving equals
$2
trillion.
C.Private saving equals
$2
trillion and public saving equals
$1
trillion.
D.Private saving equals
$9
trillion and public saving equals
$3
trillion.
Homework Answers
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In a closed economy, the values for GDP, consumption
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