Business, 04.03.2020 22:59 mlbaker265
In a closed economy, the values for GDP, consumptionspending, investment spending, transferpayments, and taxes are as follows:
Y =$12 trillion.
C= $9 trillion
I=$ 3 trillion
TR=$2 trillion
T= $ 3 trillion
Using the information above, what is the value of private saving and public saving?
A. private saving equal $9 trillion and public saving equal $ 3 trillion.
B. private saving equal $1 trillion and public saving equal $ 2 trillion.
C. private saving equal $2 trillion and public saving equal $ 1 trillion.
D private saving equal $3 trillion and public saving equal $ 9 trillion.
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