In a closed economy, the values for GDP, consumption spending, investment spending, transfer payments, 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.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “In a closed economy, the values for GDP, consumption spending, investment spending, transfer payments, and taxes are as follows: Y = $12 ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
In an attempt to bring lenders and borrowers together following the financial crisis of 2008, the Federal Reserve made a large amount of new funds available to financial markets.
Answers (1)
What proportion of all african american adults works at white-collar jobs today?
Answers (1)
Factory overhead are all manufacturing costs except direct materials and direct labor. A. TrueB. False
Answers (1)
Carrot Corporation, a C corporation, has a net short-term capital gain of $65,000 and a net long-term capital loss of $250,000 during 2018. Carrot Corporation had taxable income from other sources of $720,000.
Answers (1)
What does PNC bank stand for?
Answers (2)
New Questions in Business
n a company's merit pay program, an individual's compa-ratio represents the individual's pay relative to company's average pay for that position. the individual's worth versus that of others in the organization.
Answers (1)
Some interview questions are designed to rattle you to see how you deal with stress. True or false.
Answers (2)
Organizational culture consists of three levels: Select one: a. assumptions, orientations, and beliefs. b. beliefs, values, and artifacts. c. artifacts, assumptions, and beliefs. d. assumptions, artifacts, and values.
Answers (1)
What term refers to a set amount of money kept in the cash register to make change with? A. Excess cash B. Standard cash stock C. Cash drop D. Cash float
Answers (1)
Torres travel's stockholders' equity at the beginning of march 2014 was $200,000. during the month, the company earned net income of $50,000 and paid dividends of $10,000. at the end of march 2014, what is the amount of stockholders' equity?
Answers (1)