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In a closedeconomy, Y= $ 19 billion C= $ 15.2 billion I= $ 1.9 billion TR= $ 2.0 billion T= $ 4.0 billion Calculate each
In a closedeconomy,
Y= $19 billion
C= $15.2 billion
I= $1.9 billion
TR= $2.0 billion
T= $4.0 billion
Calculate each of the following (round each answer to one decimal place).
Private savings= $ _____ billion
Public savings= $ _____ billion
Total savings in this economy= $ _____ billion
Thegovernment's budget deficit or surplus= $ ____ billion
(enter a negative number for adeficit, positive number for surplus).
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