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Jimmyhighroller Jimmyhighroller
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A year ago
The Savings-Investment Spending Identity In Closed and Open Markets


GDP (Y)$12.5
Consumption (C)9.0
Investment (I)1.5
Government purchases (G)2.0
Transfer payments (TR)2.5
Taxes (T)3.0
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 private saving in this closed economy?

▸ -$2.0 trillion

▸ $3.0 trillion

▸ $0.5 trillion

▸ -$1.5 trillion
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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sportzchik15sportzchik15
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A year ago
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