34. The table below shows aggregate values for a hypothetical economy. Suppose this economy has real GDP equal to potential output. Potential GDP $14 000 Government purchases $2100 Investment $300 Consumption $10 000 Net tax revenues $2000TABLE 25-3 Refer to Table 25-3. What is the level of public saving for this economy? -$100 $200 $300 -$200 $500
34. The table below shows aggregate values for a hypothetical economy. Suppose this economy has real GDP equal to potential output. Potential GDP $14 000 Government purchases $2100 Investment $300 Consumption $10 000 Net tax revenues $2000TABLE 25-3 Refer to Table 25-3. What is the level of public saving for this economy? -$100 $200 $300 -$200 $500
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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34. The table below shows aggregate values for a hypothetical economy. Suppose this economy has real GDP equal to potential output.
TABLE 25-3
Refer to Table 25-3. What is the level ofpublic saving for this economy?
Potential GDP | $14 000 |
Government purchases | $2100 |
Investment | $300 |
Consumption | $10 000 |
Net tax revenues | $2000 |
Refer to Table 25-3. What is the level of
-$100
|
||
$200
|
||
$300
|
||
-$200
|
||
$500
|
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