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The Economy of Miniland Has an Income of $400, Consumption

Question 167

Essay

The economy of Miniland has an income of $400, consumption is $200, government expenditure is $200, and the tax earnings of government is $150.
a. Calculate private saving.
b. Calculate public saving.
c. Calculate national saving.

Correct Answer:

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Y = $400
C = $200
T = $150
G = $200
a. P...

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