Suppose a closed economy collected the following data for the year 2020 Amount (billions of dollars) Consumption 8,000 Investment 2,000 Government purchases 1,000 Government transfers and interest payments 900 Government tax collections 1,700 Calculate the following Private saving Public saving Nat...

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Suppose a closed economy collected the following data for the year 2020. Amount (billions of dollars) Consumption

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Suppose a closed economy collected the following data for the year 2020.

	Amount (billions of dollars)
Consumption	8,000
Investment	2,000
Government purchases	1,000
Government transfers and interest payments	900
Government tax collections	1,700

Calculate the following
Private saving =

Public saving =

National saving =

National saving rate = %

Related Book For answer-question

Macroeconomics

ISBN: 978-1319120054

3rd Canadian edition

Authors: Paul Krugman, Robin Wells, Iris Au, Jack Parkinson

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Posted Date: Nov 20, 2023 11:31 PM

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Suppose a closed economy collected the following data for the year 2020. Amount (billions of dollars) Consumption

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Macroeconomics

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