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For a Closed Economy,GDP Is $11 Trillion,consumption Is $7 Trillion,taxes

Question 66

Multiple Choice

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?


A) $1.5 trillion and $2.5 trillion,respectively
B) $2.5 trillion and $1.5 trillion,respectively
C) $2.5 trillion and $2.5 trillion,respectively
D) $1.5 trillion and $1.5 trillion,respectively

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