Suppose a closed economy has a national income of $260 milion. $535 midon in private savings, $200 millon worth of tax evenue, and $150 milion in govemment spenting what is the consumprionexpenditure in this economy?Os125 milionOs155 milionOS385 mitionOssa5 milionOS645 milion

A closed economy is one that does not trade outside the country and other countries cannot affect…

Suppose a closed economy has anational income t $260 milion, S535 milon in private savings, $200 mion woth of ta evenue, and S150 milion in govemment spending What is the consumgtion espendinure in this economy?

Suppose a closed economy has anational income t $260 milion, S535 milon in private savings, $200 mion woth of ta evenue, and S150 milion in govemment spending What is the consumgtion espendinure in this economy?

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations

Section: Chapter Questions

Problem 18P

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Question

Suppose a closed economy has a national income of $260 milion. $535 midon in private savings, $200 millon worth of tax evenue, and $150 milion in govemment spenting what is the consumprion
expenditure in this economy?
Os125 milion
Os155 milion
OS385 mition
Ossa5 milion
OS645 milion

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