The Country of Cedarland Does Not Trade with Any Other

Multiple Choice

The country of Cedarland does not trade with any other country. Its GDP is $17 billion. Its government purchases $4 billion worth of goods and services each year, collects $6 billion in taxes, and provides $1 billion in transfer payments to households. Private saving in Cedarland is $4 billion. For Cedarland,

A) investment is $6 billion and consumption is $9 billion.
B) investment is $6 billion and consumption is $8 billion.
C) investment is $5 billion and consumption is $8 billion.
D) investment is $5 billion and consumption is $7 billion.