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Suppose GDP is $800 billion, taxes are $150 billion, private saving is $50 billion, and public saving is $20 billion. Assuming a closed economy, conumption
Suppose GDP is $800 billion, taxes are $150 billion, private saving is $50 billion, and public saving is $20 billion. Assuming a closed economy, conumption (C), government spending (G), and Investment (I) are:
(all values are in billions in the answers choices)
A. C=550, G=100, I = 70
B. C=600, G=100, I = 60
C. C=600, G=130, I = 70
D. C=650, G=120, I = 70
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