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Scenario 10-1 Consider the Following Data for a Closed Economy

Question 22

Multiple Choice

Scenario 10-1
Consider the following data for a closed economy:
Y = $12 trillion
C = $8 trillion
I = $2 trillion
G = $2 trillion
TR = $2 trillion
T = $3 trillion
-Refer to Scenario 10-1.Based on the information above,what is the level of public saving?


A) $0
B) $1 trillion
C) $2 trillion
D) negative $1 trillion (a deficit of $1 trillion)

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