Question
Suppose GDP is $9 trillion, taxes are $1.9 trillion, private saving is $0.6 trillion, and public saving is $0.3 trillion. Assuming the economy is closed,
Suppose GDP is $9 trillion, taxes are $1.9 trillion, private saving is $0.6 trillion, and public saving is $0.3 trillion.
Assuming the economy is closed, complete the following table by calculating consumption, government purchases, national saving, and investment.
Component Amount (Trillions of dollars) Consumption, Government Purchases, National Saving. Investment
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Macroeconomics Theories and Policies
Authors: Richard T. Froyen
10th edition
013283152X, 978-0132831529
