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MArishka [77]
3 years ago
15

Based on gdp how has us economy been doing in last 5 years

Business
1 answer:
olga55 [171]3 years ago
7 0
Based on gdp the us economy has declined due to a number of reasons; the first one is because of the pheasant industry and it's decline in the perfect execution of pheasants. 
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Suppose that GDP is $10,000, Consumption is $6,000, and Government spending is $1,500 with a deficit of $200. (Assume net export
Marta_Voda [28]

Answer:

private saving = $2700

Explanation:

given data

GDP = $10,000

Consumption = $6,000

Government spending = $1,500

deficit = $200

solution

we know here equation of GDP that is express as

GDP = Consumption + investment + Government spending   ...................1

we consider here tax revenue that is = T

T - Government spending = - deficit

T = Government spending - deficit

T = $1500 - $200

T = $1300

so we can say from equation 1

( GDP - Consumption - T ) + ( T - Government spending ) = investment

and investment = private saving + public saving

so private saving will be

private saving = GDP - Consumption - tax revenue  ................2

private saving = $10000 - $6000 - $1300

private saving = $2700

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When Penguin Catering Services first opened, the owner decided to target only events at resorts in its geographic region. Pengui
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