Suppose GDP is $8 trillion, taxes are $1.5 trillion, private saving is $0.5 trillion, and public saving

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Suppose GDP is $8 trillion, taxes are $1.5 trillion, private saving is $0.5 trillion, and public saving is $0.2 trillion. Assuming this economy is closed, calculate consumption, government purchases, national saving, and investment.

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Principles Of Macroeconomics

ISBN: 9780324589993

5th Edition

Authors: N. Gregory Mankiw

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Question Posted: Sep 27, 2024 10:01 AM

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Suppose GDP is $8 trillion, taxes are $1.5 trillion, private saving is $0.5 trillion, and public saving

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Principles Of Macroeconomics

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