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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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