Question: handwritten solution not required correct answer will get instant upvote Consider the following data for a closed economy. Y = $11 trillion C = $9

handwritten solution not required correct answer will get instant upvote

handwritten solution not required correct answer will get instant upvote Consider the

Consider the following data for a closed economy. Y = $11 trillion C = $9 trillion G - $2 Inilion Spell = $-1.0 trillion T = $1 trition Use these data to calculate the following: a. private saving, b. Investment spending, c. transfer payments and d. the government budget balance. a. Private saving is: $ 1.0 trillion. (Round your responses to one decimal place.) b. Investment spending is: $ 0.0 trillion. (Round your responses to one decimal place.) c. Transfer payments are: $ - 1.0 trillion. (Round your responses to one decimal place.) d. The goverment budget balance is: 5 trillion and as a result the government budget is in (Round your responses to one decimal place.)

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