Suppose in a closed economy GDP equals $15 trillion, consumption equals $7.5 trillion, the government spends $2.5 trillion and has a budget surplus of $900 billion. Then in the same year, the public saving in the U.S. equals $_______ trillion, Net Taxes equals $_______ trillion, Private Saving equals $_________ trillion, National Saving equals $________ trillion; last but not least, Investment equals to $______ trillion.

Suppose in a closed economy GDP equals $15 trillion, consumption equals $7.5 trillion, the government spends $2.5 trillion and has a budget surplus of $900 billion. Then in the same year, the public saving in the U.S. equals $___ trillion, Net Taxes equals $_ trillion, Private Saving equals $_ trillion, National Saving equals $ trillion; last but not least, Investment equals to $ trillion.

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter19: The Keynesian Model In Action

Section: Chapter Questions

Problem 3SQ

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