Question
The following table is taken from the National Income and Product Account Tables. It showsvarious components of U.S. GDP from 2012 and 2013 in billions
The following table is taken from the National Income and Product Account Tables. It showsvarious components of U.S. GDP from 2012 and 2013 in billions of dollars.
Fill in the missing figures in the table.
GDP Private Consumption Government Public Savings Net Taxes
Purchases (budget balance) (T-TR)
(C) (G)
2012: $16,163.2 $11,083.1 $2,549.7 -$1,311.7 $___________
2013: $16,768.1 $11,484.3 $2,547.6 $_______ $1,673.3
C. What is the private savings for 2012? $__________billion
D. What is the national savings for 2012? $__________billion
E. What is the private savings for 2013? $______________billion
F. What is the national savings for 2013? $__________billion
Fill in the blanks.
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