Question
1. Saving and investment in the national income accounts The following table contains data for a hypothetical closed economy that uses the dollar as its
1. Saving and investment in the national income accounts
The following table contains data for a hypothetical closed economy that uses the dollar as its currency.
Suppose GDP in this country is $1,330 million. Enter the amount for investment.
| National Income Account | Value |
|---|---|
| (Millions of dollars) | |
| Government Purchases (GG) | 350 |
| Taxes minus Transfer Payments (TT) | 455 |
| Consumption (CC) | 700 |
| Investment (II) |        |
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Analyzing Superfund Economics, Science And Law
Authors: Richard L Revesz, Richard B Stewart
1st Edition
1317354796, 9781317354796
