Essentials of Economics (MindTap Course List)
8th Edition
ISBN: 9781337091992
Author: N. Gregory Mankiw
Publisher: Cengage Learning
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Question
Chapter 18, Problem 4PA
To determine
The consumption, government purchases, national savings and investment.
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Suppose GDP is $800 billion, taxes are $150 billion, private saving is $50 billion, and public saving is $20 billion. Assuming this economy is closed, calculate consumption, government purchases, national saving, and investment.
Suppose GDP is 10.3 trillion, taxes are 1.8 trillion, private saving is 1.2 trillion and public saving is 0.2 trillion. Assuming this economy is closed, calculate: consumption, government purchases, national saving and investment.
Suppose GDP is $8 trillion, taxes are $1.5 trillion,private saving is $0.5 trillion, and public savingis $0.2 trillion. Assuming this economy is closed,calculate consumption, government purchases,national saving, and investment.
Chapter 18 Solutions
Essentials of Economics (MindTap Course List)
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