Use the following to answer questions:
Scenario: Closed Economy S = I
GDP is $12 trillion this year in a closed economy. Consumption is $8 trillion and government spending is $2 trillion. Taxes are $0.5 trillion.
-(Scenario: Closed Economy S = I) Look at the scenario Closed Economy S = I. How much is investment spending?
A) $3.5 trillion
B) $3 trillion
C) $2.5 trillion
D) $2 trillion
Correct Answer:
Verified
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