In a closed economy GDP = $1400, private saving = $225, government budget deficit = $15, and government spending $25 (all numbers are in billions). Calculate national saving, taxes, and consumption.

Question

Quizplus · Accepted Answer

The Answer of In a closed economy GDP = $1400, private saving = $225, government budget deficit = $15, and government spending $25 (all numbers are in billions). Calculate national saving, taxes, and consumption.

In a Closed Economy GDP = $1400, Private Saving =