Suppose That in a Closed Economy GDP Is Equal to 15,000,government

question 39

Multiple Choice

Suppose that in a closed economy GDP is equal to 15,000,government purchases are equal to 3,000,consumption equals 10,500,and taxes equal 3,500.What are private saving and public saving?

• A)1,500 and -500,respectively
• B)1,500 and 500,respectively
• C)1,000 and -500,respectively
• D)1,000 and 500,respectively

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