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For an Imaginary Closed Economy,T = $5,000;S = $11,000;C =

Question 2

Multiple Choice

For an imaginary closed economy,T = $5,000;S = $11,000;C = $48,000;and the government is running a budget surplus of $1,000.Then


A) private saving = $10,000 and GDP = $55,000.
B) private saving = $10,000 and GDP = $63,000.
C) private saving = $12,000 and GDP = $67,000.
D) private saving = $12,000 and GDP = $69,000.

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