Thank you for visiting GDP is 12 trillion this year in a closed economy Consumption is 8 trillion and government spending is 2 trillion Taxes are 0 5 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:
$3.5 trillion
Explanation:
GDP is the monetary value of all the goods manufactured and services made within the country for a specific period of time. It shows the economic condition of a country.
As per given data
Total GDP = $12 trillion
Consumption = $8 trillion
Govt. Spending = $2 trillion
Taxes = $0.5 trillion
Disposable income = GDP - Taxes = 12 Trillion - 0.5 trillion = $11.5 trillion
Private saving = Disposable Income - consumption = $11.5 trillion - 8 trillion = 3.5 trillion
Thank you for reading the article GDP is 12 trillion this year in a closed economy Consumption is 8 trillion and government spending is 2 trillion Taxes are 0 5 trillion. We hope the information provided is useful and helps you understand this topic better. Feel free to explore more helpful content on our website!
- You are operating a recreational vessel less than 39 4 feet long on federally controlled waters Which of the following is a legal sound device
- Which step should a food worker complete to prevent cross contact when preparing and serving an allergen free meal A Clean and sanitize all surfaces
- For one month Siera calculated her hometown s average high temperature in degrees Fahrenheit She wants to convert that temperature from degrees Fahrenheit to degrees
Rewritten by : Jeany
