Suppose a country, Macroland, doesn't trade with other countries. Its GDP is $20 billion. Its government purchases $3 billion worth of goods and services each year, collects $3 billion in taxes, and provides $1 billion in transfer payments to households. Private saving in Macroland is $4 billion. What is investment in Macroland?   Question 16 options:   $1 billion   $3 billion   $2 billion   $4 billion

ENGR.ECONOMIC ANALYSIS
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Suppose a country, Macroland, doesn't trade with other countries. Its GDP is $20 billion. Its government purchases $3 billion worth of goods and services each year, collects $3 billion in taxes, and provides $1 billion in transfer payments to households. Private saving in Macroland is $4 billion. What is investment in Macroland?
 

Question 16 options:

 
$1 billion
 
$3 billion
 
$2 billion
 
$4 billion
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