Suppose GDP is $800 billion, net taxes equal $150 billion, government purchases are $160 billion, investment is $120 billion, and net exports are $5 billion. The private saving rate is ________.
A) 19%
B) 16%
C) 21%
D) 18%
E) none of the above

Question

Suppose GDP is $800 billion, net taxes equal $150 billion, government purchases are $160 billion, investment is $120 billion, and net exports are $5 billion. The private saving rate  is ________.
A) 19% 
B) 16% 
C) 21% 
D) 18% 
E) none of the above

Quizplus · Accepted Answer

The Answer of Suppose GDP is $800 billion, net taxes equal $150 billion, government purchases are $160 billion, investment is $120 billion, and net exports are $5 billion. The private saving rate  is ________.
A) 19% 
B) 16% 
C) 21% 
D) 18% 
E) none of the above

Suppose GDP Is $800 Billion, Net Taxes Equal $150 Billion