Suppose a given hypothetical economy has the following values. GDP-520 Billion, Consumption =$13 Billion; Govermment Purchase-$4 Billion; and Budget Surplus= $1 BillionHow much is the public saving?OA S5 BilionOB $4 BlionOC.52 BillionOD-$1 BillionOE S1 BillionOF $3 Billion

Here, the value of consumption, government purchases, GDP and budget surplus is given for a…

Answered: Suppose a given hypothetical economy…

Principles of Macroeconomics (MindTap Course List)

7th Edition

ISBN:9781285165912

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter13: Savings,Investment And The Financial System

Section: Chapter Questions

Problem 2QCMC

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34. The table below shows aggregate values for a hypothetical economy. Suppose this economy has real GDP equal to potential output. Potential GDP $14 000 Government purchases $2100 Investment $300 Consumption $10 000 Net tax revenues $2000 TABLE 25-3Refer to Table 25-3. What is the level of public saving for this economy? -$100 $200 $300 -$200 $500
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Suppose a given hypothetical economy has the following values GDP-520 BIlion, Consumption =$13 Billion, Govermment Purchase-$4 Billion; and Budget Surplus $1 Billion How much is the public saving? OA S5 Bilion OB S4 Blon OC2 Bilion OD $1 Bon OE S1 Bon