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Suppose That in a Closed Economy GDP Is Equal to 20,000,consumption

Question 54

Multiple Choice

Suppose that in a closed economy GDP is equal to 20,000,consumption equal to 15,000,government purchases equal 4,000 and taxes equal 3,000.What are private saving,public saving,and national saving?


A) -2,000,1,000,and 2,000,respectively.
B) 1,000,2,000,and 3,000,respectively.
C) 2,000,-1,000,and 1,000,respectively.
D) 2,000,1,000,and 2,000,respectively.

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