In a closed economy, the values for GDP, consumption spending, investment spending, transfer payments, and taxes are as follows Y = C = |= TR= T= $11 trillion $8 trillion $2 trillion $1 trillion $2 trillion Using the information above, what is the value of private saving and public saving? A. Private saving equals $8 trillion and public saving equals $2 trillion. B. Private saving equals $0 trillion and public saving equals $1 trillion. OC. Private saving equals $2 trillion and public saving equals $8 trillion. O D. Private saving equals $2 trillion and public saving equals $0 trillion.

In a closed economy, the values for GDP, consumption spending, investment spending, transfer payments, and taxes are as follows Y = C = |= TR= T= $11 trillion $8 trillion $2 trillion $1 trillion $2 trillion Using the information above, what is the value of private saving and public saving? A. Private saving equals $8 trillion and public saving equals $2 trillion. B. Private saving equals $0 trillion and public saving equals $1 trillion. OC. Private saving equals $2 trillion and public saving equals $8 trillion. O D. Private saving equals $2 trillion and public saving equals $0 trillion.

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter18: Savings,investment And The Financial System

Section: Chapter Questions

Problem 5PA

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