Use the following to answer questions :
Scenario: Open Economy S = I
In an open economy GDP is $12 trillion this year. Consumption is $8 trillion, and government spending is $2 trillion. Taxes are $0.5 trillion. Exports are $1 trillion, and imports are $3 trillion.
-(Scenario: Open Economy S = I) Look at the scenario Open Economy S = I. How much is private saving?
A) $4 trillion
B) $2.5 trillion
C) $3.5 trillion
D) $1.5 trillion
Correct Answer:
Verified
Q17: Which of the following do economists view
Q19: Use the following to answer questions:
Scenario: Closed
Q19: The budget balance equals:
A) taxes plus government
Q20: Physical capital is purchased through investment spending,
Q22: In an open economy, total investment equals:
A)
Q23: National savings in a closed economy is
Q24: In a closed economy, all investment spending
Q25: The savings-investment spending identity says that:
A) each
Q27: Use the following to answer questions :
Scenario:
Q30: National savings is the sum of private
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