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Table 26-1 ​
-Refer to Table 26-1

Question 214

Multiple Choice

Table 26-1. The following table presents information about a closed economy whose market for loanable funds is in equilibrium.


 GDP $8.3 trillion  Consumer Spending $5.1 trillion  Taxes Minus Transfers $1.9 trillion  Government Purchases $0.5 trillion \begin{array} { | l | l | } \hline \text { GDP } & \$ 8.3 \text { trillion } \\\hline \text { Consumer Spending } & \$ 5.1 \text { trillion } \\\hline \text { Taxes Minus Transfers } & \$ 1.9 \text { trillion } \\\hline \text { Government Purchases } & \$ 0.5 \text { trillion } \\\hline\end{array}
-Refer to Table 26-1. The quantity of private saving is


A) $3.2 trillion.
B) $1.3 trillion.
C) $2.7 trillion.
D) $6.4 trillion.

Correct Answer:

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