Thank you for visiting For a closed economy GDP is 18 trillion consumption is 13 trillion taxes are 2 trillion and the government runs a deficit of 1 trillion. This page is designed to guide you through key points and clear explanations related to the topic at hand. We aim to make your learning experience smooth, insightful, and informative. Dive in and discover the answers you're looking for!
Answer :
Answer:
$3 trillion and $2 trillion, respectively
Explanation:
Private savings in (Income - Taxes) -Consumption
National/Public Savings are (taxes - expenditures)
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Rewritten by : Jeany
