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The Savings-Investment Spending Identity In Closed and Open MarketsGDP (Y)$14Consumption ...

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The Savings-Investment Spending Identity In Closed and Open MarketsGDP (Y)$14Consumption ...

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: 3^rd

Authors: Acemoglu, Laibson, List

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