4. Suppose GDP is $15 million, private saving is $3 million, consumption is $8 million, public saving is $2 million. Assume the

Question

3 years ago

15

4. Suppose GDP is $15 million, private saving is $3 million, consumption is $8 million, public saving is $2 million. Assume the

economy is closed.
(a) Calculate taxes minus transfer payments (T), government purchases (G), national saving (S), and investment (I).

(b) Is the government running a deficit or a surplus.? Explain

Business

1 answer:

Studentka2010 [4] · Answer 1 · 2022-10-20T05:22:09+03:00

Studentka2010 [4]3 years ago

3 0

Answer in the file below .