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Question Consider the following data for a closed economy 1. Y=$12 .pdf

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Private saving is $5 trillion, calculated as disposable income (Y-T) of $9 trillion minus consumption (C) of $8 trillion. Public saving is -$1 trillion, calculated as total revenue (TR) of $2 trillion minus total expenditure (T) of $3 trillion. Private saving plus public saving equals investment (I) of $4 trillion, demonstrating that in a closed economy, total saving must equal total investment.

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Question: Consider the following data for a closed economy: 1. Y=$12 trillion 2.C+$8 trillion 3. 1 - 53 trillion 4. TR+$2 trilison 5. T=$3 tillion Based on the above information calculate the level of private saving and the level of public saving and demonstrate their relationship to investment (Show all your work)

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Question Consider the following data for a closed economy 1. Y=$12 .pdf

  • 1. Question: Consider the following data for a closed economy: 1. Y=$12 trillion 2.C+$8 trillion 3. 1 - 53 trillion 4. TR+$2 trilison 5. T=$3 tillion Based on the above information calculate the level of private saving and the level of public saving and demonstrate their relationship to investment (Show all your work)