Business, 16.04.2020 01:05 neptunesx

Scenario: Closed Economy S = I
GDP is $12 trillion this year in a closed economy. Consumption is $8 trillion and government spending is $2 trillion. Taxes are $0.5 trillion.

Reference: Ref 10-1

(Scenario: Closed Economy S = I) Look at the scenario Closed Economy S = I. How much is private saving?

A.
$2.5 trillion

B.
$4 trillion

C.
$3.5 trillion

D.
–$0.5 trillion

Answers: 3

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Scenario: Closed Economy S = I
GDP is $12 trillion this year in a closed economy. Consumption...