In an Open Economy, GDP Is $12 Trillion This Year

question 313

Multiple Choice

In an open economy, GDP is $12 trillion this year. Consumption is $8 trillion, and government spending is $2 trillion. Taxes are $0.5 trillion. Exports are $1 trillion, and imports are $3 trillion. How much is national saving?

• A) $4 trillion
• B) $3.5 trillion
• C) $2 trillion
• D) $5.5 trillion