The Following Information Is for a Private Closed Economy, Where

question 71

Multiple Choice

The following information is for a private closed economy, where I_g is gross investment, S is saving, and Y is gross domestic product (GDP) .I_g = 80 S = -80 + 0.4Y
Refer to the above information.In equilibrium, saving will be:

• A)$40.
• B)$120.
• C)$60.
• D)$80.

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