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This year, the private consumption fell by $260.8 billion compared to its level in the previous year. At the same time government expenditure went up
This year, the private consumption fell by $260.8 billion compared to its level in the previous year. At the same time government expenditure went up by $5.9 billion, total investment declined by $48.4 billion, and GDP dropped by $234.1 billion. If the budget deficit increased by $15.2 billion, by how much did private savings change?
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