Thank you for visiting In Axel Island GDP is 15 trillion consumption is 10 trillion and government spending is 2 5 trillion Taxes are 1 trillion and the net. 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
Explanation:
GIVEN the following ;
Gross domestic product = $15 trillion
Consumption = $10 trillion
Government spending = $2.5 trillion
Taxes = $1 trillion
Net capital inflow = 0.5 trillion
National savings =?
National savings = Gross Domestic product - (Consumption + Government spending)
National savings = $15 trillion - ( $10 trillion + 2.5 trillion)
National savings = $15 trillion - $12.5 trillion = $2.5 trillion
Total savings = National saving + net capital inflow
Total savings = $2.5 trillion + $0.5 trillion = $3 trillion
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Answer:
$1.5 trillion
Explanation:
The national savings of a country include both household savings and savings gotten from nation’s businesses and government.Total national saving is measured by the national income in form of consumption and taxes and is the same as national investment. Thus, in national income accounts, saving is always equal to investment.
Total savings = national savings (in form of taxes) + net capital inflow = $1 trillion + $0.5 trillion = $1.5 trillion
