
Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0077332648
Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0077332648 Exercise 10
In 2010, U.S. government spending was $3.8 trillion, tax revenue was $4.5 trillion, GDP was $14.12 trillion, and total consumer spending was $10.5 trillion. If the economy has no exports or imports, what was the national savings in 2010? How much was public savings? How much was private savings?
Explanation
Given information:
• Government spendin...
Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
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