Assume an economy has a national income of $1,200. Consumption is $600, taxes are $200, and...
Assume an economy has a national income of $1,200. Consumption is $600, taxes are $200, and government purchases are $300. Answer the following question.
In this economy, national saving is
Homework Answers
National Saving = Y - C - G
Y = $ 1200, C = $ 600 and G = $ 300
National saving = $ 300
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Assume an economy has a national income of $1,200. Consumption
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