The next three questions involve the following situation. Consider a closed economy in which I = $20, 000, 000, 000, G = $45, 000, 000, 000, Y = $100, 000, 000, 000, and T = $30,000, 000, 000. 1. What is total saving, S? (A) -$30 billion. (B) $35 billion. (C) -$15 billion. (D) $20 billion.

The next three questions involve the following situation. Consider a closed economy in which I = $20, 000, 000, 000, G = $45, 000, 000, 000, Y = $100, 000, 000, 000, and T = $30,000, 000, 000. 1. What is total saving, S? (A) -$30 billion. (B) $35 billion. (C) -$15 billion. (D) $20 billion.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Solve all questions with proper explanation...If not possible then skip it.otherwise I will give you downvote

The next three questions involve the following situation.
Consider a closed economy in which I = $20, 000, 000, 000, G = $45, 000, 000, 000, Y =
$100,000, 000, 000, and T = $30, 000, 000, 000.
1. What is total saving, S?
(A) -$30 billion.
(B) $35 billion.
(C) -$15 billion.
(D) $20 billion.
2. What is consumption?
(A) $15 billion.
(B) $35 billion.
(C) -$15 billion.
(D) -$35 billion.
3. What is private saving?
(A) $15 billion.
(B) $35 billion.
(C) -$15 billion.
(D) -$35 billion.
4. Which of the following assets performs best in times of demand-pull inflation?
(A) Gold.
(B) Agricultural real estate.
(C) Stocks.
(D) Bonds.

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