Assume that the government of Newworld has taxes of $1 million, transfer pay- ments of $0.6 million, and interest payments on the government debt of $0.1 million. If government purchases of goods and services are $0.3 million. Invest- ment of Newworld is $0.2 million and the current account balance of Newworld is $-0.1 million. How much is the private saving in Newworld? (A) $0.1 million. (B) $0 million. (C) $-0.1 million. (D) $-0.3 million.

Assume that the government of Newworld has taxes of $1 million, transfer pay- ments of $0.6 million, and interest payments on the government debt of $0.1 million. If government purchases of goods and services are $0.3 million. Invest- ment of Newworld is $0.2 million and the current account balance of Newworld is $-0.1 million. How much is the private saving in Newworld? (A) $0.1 million. (B) $0 million. (C) $-0.1 million. (D) $-0.3 million.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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