The table below shows aggregate values for a hypothetical economy. Real GDP is equal to potential GDP. Figures are billions of dollars. Complete parts (a) through (d)below.Potential GDPNet tax revenueGovernment purchasesInvestmentConsumption108514018550850a. What is the level of private saving?95 billion dollarsb. What is the level of public saving?-45 billion dollarsc. What is the level of national saving?billion dollarsC

Real GDP equals potential GDP. ( amount in billion dollars)Potential GDP…

Answered: a. What is the level of private saving?…

a. What is the level of private saving? 95 billion dollars b. What is the level of public saving? - 45 billion dollars c. What is the level of national saving? billion dollars

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

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Publisher:NEWNAN

Chapter1: Making Economics Decisions

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Question

The table below shows aggregate values for a hypothetical economy. Real GDP is equal to potential GDP. Figures are billions of dollars. Complete parts (a) through (d)
below.
Potential GDP
Net tax revenue
Government purchases
Investment
Consumption
1085
140
185
50
850
a. What is the level of private saving?
95 billion dollars
b. What is the level of public saving?
-45 billion dollars
c. What is the level of national saving?
billion dollars
C

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