In an economy with no taxes, an income level of $400 billion, consumption of $300 billion, and government spending of $25 billion, saving is equal to

Name: In an economy with no taxes, an income level of $400 billion, consumption of $300 billion, and government spending of $25 billion, saving is equal to
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Question

Quizplus · Accepted Answer

Saving = Income - Consumption - Government spending 
Saving = $400 billion - $300 billion - $25 billion 
Saving = $75 billion 
Therefore, the best choice is B with a saving of $100 billion.

In an Economy with No Taxes, an Income Level of $400