Suppose that in a closed economy GDP i equal to 5000 taves are equal to 1000. consumption in equal to 3000 and govermment expenditures are egial to 2000 Whut a privhe sid Oa 1500 14 1000 Oc s00 Od0 e 1000 Cear my choice

Suppose that in a closed economy GDP i equal to 5000 taves are equal to 1000. consumption in equal to 3000 and govermment expenditures are egial to 2000 Whut a privhe sid Oa 1500 14 1000 Oc s00 Od0 e 1000 Cear my choice

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter5: Measuring A Nation's Income

Section: Chapter Questions

Problem 5CQQ

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Concept explainers

Public Saving

Public saving deals with the amount which has been in excess after meeting all the obligatory expenses and investment of the government. Taxes are collected by the government to meet its day-to-day expenditures. The obligatory expenses include all those expenses which are mandatory for the government. It cannot be avoided as it is inevitable.

Question

Find out the private saving?
Typed and correct answer please. I ll rate

Suppose that in a closed economy GDPs equal to 5000. taves are equal to 1000. consumption in equal to 3000 and government erpenditures are egal 2000. Wht ia prate sing
Oa 1500
Ob 1000
Oc 500
.. 1000
Clear my choice

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