Short Answer Question 4 (3 points): Suppose GDP is $8 trillion, taxes are $1.5 trillion, private saving $0.5 trillion, a
-
- Site Admin
- Posts: 899603
- Joined: Mon Aug 02, 2021 8:13 am
Short Answer Question 4 (3 points): Suppose GDP is $8 trillion, taxes are $1.5 trillion, private saving $0.5 trillion, a
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.
Short Answer