Suppose real GDP is $5,361 billion, taxes collected by the government are $528 billion, government spending is $669 billion, and consumption spending is $3,797 billion. If the economy is closed, what is the value of investment spending? Enter a whole number with no dollar sign and please do not include the word billion.

Suppose real GDP is $5,361 billion, taxes collected by the government are $528 billion, government spending is $669 billion, and consumption spending is $3,797 billion. If the economy is closed, what is the value of investment spending? Enter a whole number with no dollar sign and please do not include the word billion.

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter7: Macroeconomic Measurements, Part Ii: Gdp And Real Gdp

Section: Chapter Questions

Problem 14QP

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