Consumption 3 trillion investment spending 2 trillion, Ask an Expert

Economics

Consumption = $3 trillion, Investment spending =$2 trillion, Government purchases = $2 trillion, net exports via the ROW is $0 trillion.

1. What is the best estimate of real GDP? Based on this equation, the real GDP?

2. If taxes net of transfer payments are $ 1 trillion, what is savings?

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9605286

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