An economy has the following data: real GDP $5,166 billion taxes collected by the government $499 billion government spending $658 billion consumption spending $3,666 billion. If this is a closed economy, what is the value of investment spending? Enter a whole number with no dollar sign and please do not include the word billion.

An economy has the following data: real GDP $5,166 billion taxes collected by the government $499 billion government spending $658 billion consumption spending $3,666 billion. If this is a closed economy, what is the value of investment spending? Enter a whole number with no dollar sign and please do not include the word billion.

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter7: Macroeconomic Measurements, Part Ii: Gdp And Real Gdp

Section: Chapter Questions

Problem 7WNG

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