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sladkih [1.3K]
3 years ago
11

In a closed​ economy, the values for​ GDP, consumption​ spending, investment​ spending, transfer​ payments, and taxes are as​ fo

llows: Y​ = ​$12 trillion C​ = ​$9 trillion I​ = ​$3 trillion TR​ = ​$2 trillion T​ = ​$3 trillion Using the information​ above, what is the value of private saving and public​ saving? A. Private saving equals ​$2 trillion and public saving equals ​$1 trillion. B. Private saving equals ​$1 trillion and public saving equals ​$2 trillion. C. Private saving equals ​$9 trillion and public saving equals ​$3 trillion. D. Private saving equals ​$3 trillion and public saving equals ​$9 trillion.
Business
1 answer:
ElenaW [278]3 years ago
4 0

Answer:

A. Private saving equals ​$2 trillion and public saving equals ​$1 trillion

Explanation:

The computation of private saving and public saving is shown below:

For private saving, it equals to

= Y - C - T + TR

= $12 trillion - $9 trillion - $3 trillion  + $2 trillion

= $2 trillion

And, for the public saving, it equals to

= T - TR

= $3 trillion - $2 trillion

= $1 trillion

Hence, all other options are incorrect except A option

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The Jones Brothers recently established a trust fund that will provide annual scholarships of $12,000 indefinitely. These annual
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3 0
1 year ago
Gladstorm Enterprises sells a product for $60 per unit. The variable cost is $20 per unit, while fixed costs are $85,000. Determ
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Answer:

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Explanation:

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(b) If the selling price increased to $80 per unit,

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= $80 - $20

= $60

Break-even point in sales units:

= Fixed costs ÷ Contribution margin per unit

= $85,000 ÷ $60

= 1,417 units

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