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9966 [12]
2 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]2 years ago
3 0
Answer in the file below .

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