In a closed economy, Y = $19 billion C = $15.2 billion I = $1.9 billion TR = $4.0 billion T =$3.0 billion Calculate each of the following (round each answer to one decimal place). Private savings = $ ____billion Public savings = $____billion Total savings in this economy = $____ billion The government's budget deficit or surplus = $____billion (enter a negative number for a deficit, positive number for surplus).

In a closed economy, Y = $19 billion C = $15.2 billion I = $1.9 billion TR = $4.0 billion T =$3.0 billion Calculate each of the following (round each answer to one decimal place). Private savings = $ billion Public savings = $billion Total savings in this economy = $ billion The government's budget deficit or surplus = $billion (enter a negative number for a deficit, positive number for surplus).

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter8: Savings,investment And The Financial System

Section: Chapter Questions

Problem 4PA

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