In a closed economy, consumption is 75% of GDP, taxes net of transfers are 25% of total
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Question:
A. Private saving is greater than 5% of GDP
B. Investment is less than 20% of GDP
C. Private saving is less than public saving
D. Public saving is greater than 15% of GDP
E. More than one of the options listed is correct
Related Book For
International Economics
ISBN: 978-1429278447
3rd edition
Authors: Robert C. Feenstra, Alan M. Taylor
Posted Date: