Suppose the economy is closed & consumption is 6,500 taxes are 1,500 and government purchases are 2,000. If national saving amounts to 1,000 then what is GDP?

9,500

Explanation:

Cosumption is 6500

Taxes is 1500

Government purchases is 2000

National savings is 1000

Therefore the GDP can be calculated as follows

= savings + consumption + purchases

=1,000 + 6,500 + 2,000

= 9,500

Hence the GDP is 9,500

i believe that it is a 45% chance.

due to the changes the federal reserve is making the unused reserves will impact the economy by them facing inflation. inflation is definfed as the increase in pricing of a good or service but the decline of the value of money used for purchasing those items. when the economy has a high inflation rate, they are subject to money loss and hurt on the economy.