Multiple Choice
Suppose that in a closed economy GDP is equal to 15,000,government purchases are equal to 3,000,consumption equals 10,500,and taxes equal 3,500.What are private saving and public saving?
A) 1,500 and -500,respectively
B) 1,500 and 500,respectively
C) 1,000 and -500,respectively
D) 1,000 and 500,respectively
Correct Answer:
Verified
Correct Answer:
Verified
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