For a closed economy, gdp is $11 trillion, consumption is $7 trillion, taxes are $2.5 trillion and the government runs a surplus of $1 trillion. what are private saving and national saving?
1. $1.5 trillion and $2.5 trillion, respectively
2. $2.5 trillion and $1.5 trillion, respectively
3. $2.5 trillion and $2.5 trillion, respectively
4. $1.5 trillion and $1.5 trillion, respectively
Answers: 2
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For a closed economy, gdp is $11 trillion, consumption is $7 trillion, taxes are $2.5 trillion and t...
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