Suppose That in a Closed Economy GDP Is Equal to 11,000,taxes

question 214

Multiple Choice

Suppose that in a closed economy GDP is equal to 11,000,taxes are equal to 2,500 Consumption equals 7,500 and Government purchases equal 2,000.What are private saving,public saving,and national saving?

• A)1500, 1000, 500
• B)1000, 500, 1500
• C)500, 1500, 1000
• D)None of the above is correct.

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