Suppose the U.S. has a closed economy with GDP (Y) equal to $20.0 trillion, consumption (C) equal to $11.8 trillion, government spending (G) equal to $4.9 trillion, transfer payments (TR) equal to $1.5 trillion, and taxes (T) equal to $3.8 trillion. What is private savings (SPrivate)? Provide your answer in trillions of dollars rounded to one decimal place. Use a negative sign "-" for negative values. Do not include any symbols, such as "$," "=," "%," or "," in your answer. Your Answer: Answer

Suppose the U.S. has a closed economy with GDP (Y) equal to $20.0 trillion, consumption (C) equal to $11.8 trillion, government spending (G) equal to $4.9 trillion, transfer payments (TR) equal to $1.5 trillion, and taxes (T) equal to $3.8 trillion. What is private savings (SPrivate)? Provide your answer in trillions of dollars rounded to one decimal place. Use a negative sign "-" for negative values. Do not include any symbols, such as "$," "=," "%," or "," in your answer. Your Answer: Answer

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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