We have the following data for a hypothetical closed economy: GNP = $12 comma 00012,000 Consumption (C) = $7 comma 8007,800 Government Purchases (G) = $1 comma 6001,600 Tax Collections (T) = $1 comma 2001,200 What is the value of private savings SP? $nothing (Enter your answer as an integer. Include a minus sign if necessary.) What is the value of government savings Sg? $nothing (Enter your answer as an integer. Include a minus sign if necessary.) In this closed economy, what must be the value of investment expenditure? $nothing (Enter your answer as an integer. Include a minus sign if necessary.)

Which of the following statements is correct? a major disadvantage of a partnership relative to a corporation is the fact that federal income taxes must be paid by the partners rather than by the firm itself. in a typical partnership, liability for other partners’ misdeeds is limited to the amount of a particular partner’s investment in the business. true in a limited partnership, the limited partners have voting control, while the general partner has operating control over the business, and the limited partners are individually responsible, on a pro rata basis, for the firm’s debts in the event of bankruptcy. partnerships have more difficulty attracting large amounts of capital than corporations because of such factors as unlimited liability, the need to reorganize when a partner dies, and the illiquidity of partnership interests.