Consider the following data for a closed economy: Y = $12 trillion C = $8 trillion G
Question:
Y = $12 trillion
C = $8 trillion
G = $2 trillion
SPublic = $-0.5 trillion
T = $2 trillion
Use these data to calculate the following:
a. Private saving
b. Investment spending
c. Transfer payments
d. The government budget deficit or budget surplus
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a Private saving S private Y TR C T but TR is not given Use I S private S public I Y ...View the full answer
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