Answers
ECON 1012 Tien: Macroeconomics Homework 5 Answer Key
- Course
- ECON 1012 (ECON1012)
- Institution
- George Washington University
Y = $21 trillion, C = $13 trillion, G = $7 trillion, Budget deficit = $800 billion ($0.8 trillion) Government savings = T - G = Budget Deficit = - $0.8 trillion We have T - G = -$0.8 trillion => Taxes = G - $0.8 trillion = $7 trillion - $0.8 trillion = $6.2 trillion Private savings = Y - T - C...
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