What is national saving equal to in this economy

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Reference no: EM13772493

Consider a (closed) economy in which GDP (Y) equals $15 billion, consumption (C) equals $9 billion, government expenditures (G) equal $2 billion, and tax revenue (T) equals $1 billion. Use this information to answer the following questions:

a) What is investment equal to in this economy?

b) What is national saving equal to in this economy?

c) What is public saving equal to in this economy?

d) What is private saving equal to in this economy?

e) What are net exports equal to in this economy?

Reference no: EM13772493

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