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Suppose that in a closed economy GDP is equal to 20,000, consumption equal to 15,000, government...

  1. Suppose that in a closed economy GDP is equal to 20,000, consumption equal to 15,000, government purchases equal 4,000 and taxes equal 3,000. What are private saving, public saving, and national saving?

    a.

    -2,000, 1,000, and 2,000, respectively.

    b.

    1,000, 2,000, and 3,000, respectively.

    c.

    2,000, -1,000, and 1,000, respectively.

    d.

    2,000, 1,000, and 2,000, respectively.

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Answer #1

I Mahonal Saving - Public Savirgt poslate Saving public fairy & Taxes- Calement fording (T) - (a) = 3000-4000 - - 1000 Parlat

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