The country of cedarland does not trade with any other country. its gdp is $17 billion. its government purchases $5 billion worth of goods and services each year and collects $6 billion in taxes. private saving in cedarland is $5 billion. for cedarland,

Consumption expenditure in Cedarland is $6 billion.

Investment in Cedarland is $6 billion.

Explanation:

The GDP is $17 billion.  

The government purchases are equal to $5 billion.  

The tax revenue to the government is $6 billion.  

Private saving is equal to $5 billion.  

The government saving is equal to  

= Tax revenue - Government spending

= $6 billion - $5 billion

= $1 billion

The national saving is equal to  

= Private saving + Government saving

= $5 billion + $1 billion

= $6 billion

In a closed economy, investment expenditure is equal to national savings.

So investment in Cedarland is $6 billion.

In a closed economy the GDP is C + I + G

$17 billion = C + I + G

$17 billion = C + $6 billion + $5 billion

C = $17 billion - $11 billion

C = $6 billion  

Consumption expenditure in Cedarland is $6 billion.

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

a. $48.75

is the answer to your question