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.

(1) Total saving and investment are equal in the three-sector economy model. Investment is…

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.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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