In a closed economy suppose that GDP is $12 trillion, consumption is $8 trillion, government spending is $2 trillion, and taxes are $0.5 trillion. How much is savings

The amount of savings is $3.5 trillion.

Explanation:

This can be calculated using the following saving is equal to invstment (S = I) formula for a closed economy:

Savings = Y - T - C   (1)

Where;

Y = GDP = $12 trillion

C = consumption = $8 trillion

T = taxes = $0.5 trillion

Substituting thee values into equation (1), we have:

Savings = $12 trillion - $8 trillion - $0.5 trillion

Savings = $3.5 trillion

Therefore, the amount of savings is $3.5 trillion.

lbc corporation makes and sells a product called product wz. each unit of product wz requires 4.1 hours of direct labor at the rate of $20.00 per direct labor-hour. management would like you to prepare a direct labor budget for june. the company plans to sell 28,000 units of product wz in june. the finished goods inventories o

answer: a. the kind of population living in your neighbourhood.

the census explorer data tool by the us census bureau allows the user to zoom in on any neighbourhood within the united states and find the kind of people residing in that by race and age.  

the tool needs to needs to be used twice – once in order to find what type of people reside in a neighbourhood, and then to see the age groups of the people in the same neighbourhood.