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westleafs westleafs
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3 weeks 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


Edition: 3rd
Authors:
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melswhi1melswhi1
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3 weeks ago
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More solutions for this book are available here
$0.5 trillion

The formula for public saving is: taxes - government purchases - transfer payments.
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westleafs Author
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3 weeks ago
Brilliant
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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2 hours ago
Helped a lot
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