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Andru [333]
3 years ago
10

For a closed economy, gdp is $18 trillion, consumption is $13 trillion, taxes are $2 trillion and the government runs a deficit

of $1 trillion. what are private saving and national saving? $3 trillion and $1 trillion, respectively $3 trillion and $2 trillion, respectively $2 trillion and $3 trillion, respectively $2 trillion and $2 trillion, respectively
Business
1 answer:
Yakvenalex [24]3 years ago
7 0

Answer:

$3 trillion and $2 trillion, respectively

Explanation:

Private savings in (Income - Taxes) -Consumption

National/Public Savings are (taxes - expenditures)

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