Assume an open economy in which GDP is $12 trillion. If consumption is $8 trillion, government...

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Assume an open economy in which GDP is $12 trillion. If consumption is $8 trillion, government spending is $2 trillion, taxes are $0.5 trillion, exports are $1 trillion, and imports are $3 trillion, what is private savings? $2.5 trillion $4 trillion $3.5 trillion $1.5 trillion Assume an open economy in which GDP is $12 trillion. If consumption is $8 trillion, government spending is $2 trillion, taxes are $0.5 trillion, exports are $1 trillion, and imports are $3 trillion, what is private savings? $2.5 trillion $4 trillion $3.5 trillion $1.5 trillion

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