Value of private saving and public saving

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Reference no: EM131400634

In a closed economy, the values for GDP, consumption spending, investment spending, transfer payments, and taxes are as follows:

Y =

$13 trillion

C =

$10 trillion

I =

$4 trillion

TR =

$3trillion

T =

$4 trillion

Using the information above, what is the value of private saving and public saving?

Reference no: EM131400634

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