In a closed economy, if Y is 12,000, T is 1,000, G is 3,000, and C is 5,000, then the government has a budget deficit and investment is 3000 the government has a budget surplus and investment is 1,000 the government has a budget surplus and investment is 2,000 O the government has a budget deficit and investment is 4,000

In a closed economy, if Y is 12,000, T is 1,000, G is 3,000, and C is 5,000, then the government has a budget deficit and investment is 3000 the government has a budget surplus and investment is 1,000 the government has a budget surplus and investment is 2,000 O the government has a budget deficit and investment is 4,000

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Consider country A, which is a closed economy. Suppose that A’s private saving is 280 and investment is 250. What is the public saving? Consider country B, which is a closed economy. B’s private saving is 500, its government spending is 100, budget deficit is 50, consumption is 1000. what is the B’s investment and the disposable income, Y – T (Y is the total income, T is tax revenue)?
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