Use these data to calculate the followinga.private, Ask an Expert

Economics

Consider the following data for a closed economy:
Y = $11 trillion
C = $8 trillion
I= 2 trillion
TR = 1 trillion
T= 3 trillion

Use these data to calculate the following:
a.Private saving
b.Public saving
c.Government purchases
d.The government budget deficit or budget surplus
How do I figure out govt purchases?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9444218

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