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Posted: **Wed Mar 09, 2022 8:30 am**

: Short Answer Question 4 3 Points Suppose Gdp Is 8 Trillion Taxes Are 1 5 Trillion Private Saving 0 5 Trillion A 1 (23.35 KiB) Viewed 42 times

Short Answer Question 4 (3 points): Suppose GDP is $8 trillion, taxes are $1.5 trillion, private saving $0.5 trillion, and public saving is $0.2 trillion. Assuming this economy is closed, calculate consumption, government purchases, national saving, and investment.