Suppose that in a closed economy GDP is equal to 15,000,taxes are equal to 2500,consumption is equal to 7500,and government expenditures are equal to 3100.What is public saving?

Name: Suppose that in a closed economy GDP is equal to 15,000,taxes are equal to 2500,consumption is equal to 7500,and government expenditures are equal to 3100.What is public saving?
Brand: Quizplus
Rating: 4.9 (47 reviews)

Question

Quizplus · Accepted Answer

Public saving is calculated as taxes minus government expenditures. Here, public saving = 2500 - 3100 = -600.

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