Savings, Investment, and Deficits Suppose a country has a closed economy, and at first it has the following macroeconomic data: Real GDP = $800 per year %3D Consumption = $560 per year %3D Tax revenue = $80 per year Government spending = $120 per year %3D Based on the information above, how many dollars of savings are supplied to the country's credit market (national saving)? Enter your answer in the space below. (If your answer is negative, be su to include the minus sign in the answer you enter.)

ENGR.ECONOMIC ANALYSIS
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Question 35
Savings, Investment, and Deficits
Suppose a country has a closed economy, and at first it has the following macroeconomic data:
Real GDP = $800 per year
%3D
Consumption = $560 per year
%3D
Tax revenue = $80 per year
%3D
Government spending = $120 per year
Based on the information above, how many dollars of savings are supplied to the country's credit
market (national saving)? Enter your answer in the space below. (If your answer is negative, be sure
to include the minus sign in the answer you enter.)
Transcribed Image Text:Question 35 Savings, Investment, and Deficits Suppose a country has a closed economy, and at first it has the following macroeconomic data: Real GDP = $800 per year %3D Consumption = $560 per year %3D Tax revenue = $80 per year %3D Government spending = $120 per year Based on the information above, how many dollars of savings are supplied to the country's credit market (national saving)? Enter your answer in the space below. (If your answer is negative, be sure to include the minus sign in the answer you enter.)
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