Suppose GDP in this country is $480 million. National Income Account Value (Millions of dollars) Government Purchases (GG) 150 Taxes minus Transfer Payments (TT) 180 Consumption (CC) 225 Investment (II) 105 Complete the following table by using national income accounting identities to calculate private and public saving. In your calculations, use data from the initial table. Private SavingPrivate Saving = (YTI, TG, YCT) = = ?million
Suppose GDP in this country is $480 million. National Income Account Value (Millions of dollars) Government Purchases (GG) 150 Taxes minus Transfer Payments (TT) 180 Consumption (CC) 225 Investment (II) 105 Complete the following table by using national income accounting identities to calculate private and public saving. In your calculations, use data from the initial table. Private SavingPrivate Saving = (YTI, TG, YCT) = = ?million
Chapter6: Tracking The U.s. Economy
Section: Chapter Questions
Problem 3.7P
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Question
Suppose GDP in this country is $480 million.
|
Value
|
---|---|
(Millions of dollars)
|
|
Government Purchases (GG) | 150 |
Taxes minus Transfer Payments (TT) | 180 |
Consumption (CC) |
225
|
Investment (II) | 105 |
Complete the following table by using national income accounting identities to calculate private and public saving . In your calculations, use data from the initial table.
Private SavingPrivate Saving | = | (YTI, TG, YCT) |
= = |
|
Public SavingPublic Saving | = = | (CT, TG, YCT, YTI) |
= = |
|
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