Answered: In a given economy, consumption is…

In a given economy, consumption is given by C -1000+(Y-T) = If the real GDP is 9,606 and taxes and government spending are 2,408 each, what is national savings? Give your answer as a whole number.

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter7: Macroeconomic Measurements, Part Ii: Gdp And Real Gdp

Section: Chapter Questions

Problem 7WNG

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In a given economy, consumption is given by
C = 1000+ (Y-T)
If the real GDP is 9,606 and taxes and government spending are 2,408 each,
what is national savings? Give your answer as a whole number.

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