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What is the government budget balance

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Consider the following data for a Foggyland economy: Y = $15 trillion C = $7 trillion G = $3 trillion Spublic = $ - 0.5 trillion T = $4 trillion Use the data to calculate the following: (Enter your responses rounded to one decimal place. ) Show the formulae you used to receive full credit. a. What is Private saving? b. What is Investment spending? c. What are Transfer payments? d. What is the government budget balance? What does this imply?

Reference no: EM132240701

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