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Other Fields Homework Help Economics Topic started by: westleafs on Nov 10, 2022

Title: The Savings-Investment Spending Identity In Closed and Open MarketsGDP (Y)$14Consumption ...
Post by: westleafs on Nov 10, 2022

The Savings-Investment Spending Identity In Closed and Open Markets

GDP (Y)	$14
Consumption (C)	9.0
Investment (I)	3.0
Government purchases (G)	2.0
Transfer payments (TR)	1.5
Taxes (T)	4.0

All figures in the table are in trillions of dollars.

Refer to the data for a closed economy in the table. What is the level of public saving in this closed economy?

▸ $2.5 trillion

▸ $0.5 trillion

▸ $3.0 trillion

▸ $2.0 trillion

Title: The Savings-Investment Spending Identity In Closed and Open MarketsGDP (Y)$14Consumption ...
Post by: melswhi1 on Nov 10, 2022

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