In a closed​ economy, Y​ = ​$19 billion C​ = ​$15.2 billion I​ = $1.9 billion TR​ = $4.0 billion T​ =​$3.0 billion Calculate each of the following ​(round each answer to one decimal place​). Private savings​ = ​$ ____billion Public savings​ = $____billion Total savings in this economy​ = $____ billion The​ government's budget deficit or surplus​ = ​$____billion ​(enter a negative number for a​ deficit, positive number for surplus​).

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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In a closed​ economy,

Y​ = ​$19 billion

C​ = ​$15.2 billion

I​ = $1.9 billion

TR​ = $4.0 billion

T​ =​$3.0 billion

Calculate each of the following ​(round each answer to one decimal place​).

Private savings​ = ​$ ____billion

Public savings​ = $____billion

Total savings in this economy​ = $____ billion

The​ government's budget deficit or surplus​ = ​$____billion

​(enter a negative number for a​ deficit, positive number for surplus​).

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