ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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We have the following data for a hypothetical closed economy:
GNP = $14,000
Consumption (C) = $8,000
Government Purchases (G) = $1,200
Tax Collections (T) = $1,200
What is the value of private savings SP? $
What is the value of government savings S9? $
(Enter your answer as an integer. Include a minus sign if necessary.)
(Enter your answer as an integer. Include a minus sign if necessary.)
(Enter your answer as an integer. Include a minus sign if necessary.)
In this closed economy, what must be the value of investment expenditure? $
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Transcribed Image Text:We have the following data for a hypothetical closed economy: GNP = $14,000 Consumption (C) = $8,000 Government Purchases (G) = $1,200 Tax Collections (T) = $1,200 What is the value of private savings SP? $ What is the value of government savings S9? $ (Enter your answer as an integer. Include a minus sign if necessary.) (Enter your answer as an integer. Include a minus sign if necessary.) (Enter your answer as an integer. Include a minus sign if necessary.) In this closed economy, what must be the value of investment expenditure? $
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