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westleafs westleafs
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A year ago
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
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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melswhi1melswhi1
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A year ago
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westleafs Author
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this is exactly what I needed
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I appreciate what you did here, answered it right Smiling Face with Open Mouth
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