What is investment in a closed economy if you have the following economic data? Y = $10 trillion
C = $5 trillion
TR = $2 trillion
G = $2 trillion

Question

Quizplus · Accepted Answer

In a closed economy, the expenditure approach to GDP calculation is Y = C + I + G, where I represents investment. Rearranging the equation, we get I = Y - C - G. Given the values provided, I = $10 trillion - $5 trillion - $2 trillion = $3 trillion. Therefore, the answer is B) $3 trillion.

What Is Investment in a Closed Economy If You Have