The public consumption function of a country (a three-sector economy) is C = 60 + 0.6Yd. The government receives a tax of 40 from the people, but also provides transfer payments of 30 to its citizens. While government spending is 100, and investment realized is 50. Determine the balance national income.

Find the value of national disposal income if National consumption expenditure is $230 million and national saving is $110 million

In the ruins of an ancient Mesopotamian civilization, Dr. Jones has found what appears to be a partially intact government records about economic activity in the kingdom. From the recovered tablets, he learned that GDP was 12 billion, private consumption was  9.5 billion,transfers to poor were 1.5 billion, private investments were at 2.1 billion, government purchased goods and services in the amount of 1.7 billion and collect 3 million in taxes. Assuming the data are correct, what can you say about(a) net exports, (b) private savings, and (c) public savings. What do the numbers in (a), (b), and (c) mean?

b) calculate gross private domestic investment $_______________ trillion (round to one decimal point)   c) based on the information given, calculate personal income $____________ trillion (round to one decimal point)   calculate personal disposable income $______________trillion (rounded to one decimal point)