Consider a closed economy in which I = $20, 000, 000, 000, G = $45,000, 000, 000, Y = $100, 000, 000, 000, and T = $30, 000, 000, 000. 1. What is total saving, S? (A) -$30 billion. (B) $35 billion. (C) -$15 billion. (D) $20 billion.
Consider a closed economy in which I = $20, 000, 000, 000, G = $45,000, 000, 000, Y = $100, 000, 000, 000, and T = $30, 000, 000, 000. 1. What is total saving, S? (A) -$30 billion. (B) $35 billion. (C) -$15 billion. (D) $20 billion.
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter18: Savings,investment And The Financial System
Section: Chapter Questions
Problem 3QR
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Question
![The next three questions involve the following situation.
Consider a closed economy in which I
$100, 000, 000, 000, and T = $30, 000, 000, 000.
$20, 000, 000, 000, G = $45, 000, 000, 000, Y =
1. What is total saving, S?
(A) -$30 billion.
(B) $35 billion.
(C) -$15 billion.
(D) $20 billion.
2. What is consumption?
(A) $15 billion.
(B) $35 billion.
(C) -$15 billion.
(D) -$35 billion.
3. What is private saving?
(A) $15 billion.
(B) $35 billion.
(C) -$15 billion.
(D) -$35 billion.
4. Which of the following assets performs best in times of demand-pull inflation?
(A) Gold.
(B) Agricultural real estate.
(C) Stocks.
(D) Bonds.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F87f9aa08-5432-4b39-9583-9e3af51a652b%2Ffe740071-b698-41f5-b060-70c836cf6eaa%2Fe34n85_processed.png&w=3840&q=75)
Transcribed Image Text:The next three questions involve the following situation.
Consider a closed economy in which I
$100, 000, 000, 000, and T = $30, 000, 000, 000.
$20, 000, 000, 000, G = $45, 000, 000, 000, Y =
1. What is total saving, S?
(A) -$30 billion.
(B) $35 billion.
(C) -$15 billion.
(D) $20 billion.
2. What is consumption?
(A) $15 billion.
(B) $35 billion.
(C) -$15 billion.
(D) -$35 billion.
3. What is private saving?
(A) $15 billion.
(B) $35 billion.
(C) -$15 billion.
(D) -$35 billion.
4. Which of the following assets performs best in times of demand-pull inflation?
(A) Gold.
(B) Agricultural real estate.
(C) Stocks.
(D) Bonds.
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