Suppose that in a closed economy GDP is equal to 15,000, taxes are equal to 2500, consumption equals 7500, and government expenditures equal 3000. What is public saving?
A)-600
B)-500
C)500
D)600

Name: Suppose that in a closed economy GDP is equal to 15,000, taxes are equal to 2500, consumption equals 7500, and government expenditures equal 3000. What is public saving? A)-600 B)-500 C)500 D)600
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Question

Quizplus · Accepted Answer

Public Saving = T - G - C 
Public Saving = 2500 - 3000 - 7500 
Public Saving = -500

Suppose That in a Closed Economy GDP Is Equal to 15,000