Assume the following information for an imaginary, closed economy.   GDP = $120,000; consumption = $70,000; private saving = $9,000; national   saving = $12,000.     Refer to Scenario 26-1. For this economy, taxes amount to   a. $44,000.   b. $41,000.   c. $38,000.   d. $28,000.

ENGR.ECONOMIC ANALYSIS
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Assume the following information for an imaginary, closed economy.

 

GDP = $120,000; consumption = $70,000; private saving = $9,000; national

 

saving = $12,000.

   



Refer to Scenario 26-1. For this economy, taxes amount to

 

a.

$44,000.

 

b.

$41,000.

 

c.

$38,000.

 

d.

$28,000.

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