Scenario 1. Assume the following information for an imaginary, closed economy. GDP-$110,000; consumption - $70,000; private saving-$8,000, national saving-$12,000. Refer to Scenario 1. For this economy, government purchases amount to $12,000. $18,000, $28,000. $40,000.

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Question 18
Scenario 1. Assume the following information for an imaginary, closed economy. GDP-$110,000, consumption =
$70,000; private saving-$8,000, national saving-$12,000. Refer to Scenario 1. For this economy, government
purchases amount to
$12,000.
$18,000,
$28,000,
$40,000.
Transcribed Image Text:Question 18 Scenario 1. Assume the following information for an imaginary, closed economy. GDP-$110,000, consumption = $70,000; private saving-$8,000, national saving-$12,000. Refer to Scenario 1. For this economy, government purchases amount to $12,000. $18,000, $28,000, $40,000.
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