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Business, 04.03.2020 22:59 mlbaker265

In a closed economy, the values for GDP, consumptionspending, investment spending, transferpayments, and taxes are as follows:

Y =$12 trillion.

C= $9 trillion

I=$ 3 trillion

TR=$2 trillion

T= $ 3 trillion

Using the information above, what is the value of private saving and public saving?

A. private saving equal $9 trillion and public saving equal $ 3 trillion.

B. private saving equal $1 trillion and public saving equal $ 2 trillion.

C. private saving equal $2 trillion and public saving equal $ 1 trillion.

D private saving equal $3 trillion and public saving equal $ 9 trillion.

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