Multiple Choice
The country of Growpaw does not trade with any other country. Its GDP is $20 billion. Its government purchases $3 billion worth of goods and services each year, collects $6 billion in taxes, and provides $2 billion in transfer payments to households. Private saving in Growpaw is $4 billion. What is investment in Growpaw?
A) $5 billion
B) $4 billion
C) $3 billion
D) $2 billion
Correct Answer:
Verified
Correct Answer:
Verified
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