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Consider the following data for a closed economy; Y = $13 trillion C = $10 trillion G = $3 trillion Spublic = $ - 1.0
Consider the following data for a closed economy; Y = $13 trillion C = $10 trillion G = $3 trillion Spublic = $ - 1.0 trillion T= $3 trillion Use the data to calculate the following: (Enter your responses rounded to one decimal place.) a. Private saving is $| |trillion b. Investment spending is: $ trillion C. Transfer payments are 5 trillion d. The government budget balance is: s trillion and as a result the government budget is in
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