Suppose GDP last year in a closed economy was $3,000, taxes were $200, government spending was $500, and consumption was $1,400. What was private saving? none of the listed answers are correct O-$300 O $1,400 O $1,100

Suppose GDP last year in a closed economy was $3,000, taxes were $200, government spending was $500, and consumption was $1,400. What was private saving? none of the listed answers are correct O-$300 O $1,400 O $1,100

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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