$ Billion GDP 950 Household Consumption 650 Government Consumption 150 Government Investment Direct and Indirect Taxes 170 Subsidies by government 20
$ Billion GDP 950 Household Consumption 650 Government Consumption 150 Government Investment Direct and Indirect Taxes 170 Subsidies by government 20
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:The following national accounting data are available for an economy for 2020.
$ Billion
GDP
950
Household Consumption
650
Government Consumption
150
Government Investment
Direct and Indirect Taxes
170
Subsidies by government
20
Government Transfer Payments
30
Government Interest Payments
10
Retained Earnings
Net Exports
What is the level of national saving in this economy?
Select one:
a. 190
b. 150
С. 200
d. 250
е. 210
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