Assuming this economy is closed: Consumption $6.9 trillion; Government Purchases $11.2 trillion; National Saving $2.3 trillion; Investment $2.3 trillion.
<h3>Gross domestic product</h3>
a. Consumption
Private S = ( Y – T – C )
C = Y - T - Private S
C = $12 - $3.6 - $1.5 =$6.9 trillion
b. Government purchases
Public S = ( T - G )
G = T - Public S
G = $12 - $0.8
G = $11.2 trillion
c and d. National saving and investment
National savings = Public S + Private S
National savings = $0.8 + $1.5
National savings =$2.3 trillion
Investment=Savings=$2.3 trillion
Therefore, Consumption $6.9 trillion; Government Purchases $11.2 trillion; National Saving $2.3 trillion; Investment $2.3 trillion.
Learn more about GDP here:brainly.com/question/1383956
What you have there is:
10,000,000,000 + 9,000,000,000
Now, 1,000,000,000 is 1 billion.
This means that the 9 represents 9 billions.
Answer:
The answer would be -15/4
Step-by-step explanation:
This is the answer because it is in its simplest form
Answer:
C
Step-by-step explanation:
Answer:
b
Step-by-step explanation:
