The table below shows aggregate values for a hypothetical economy. Suppose this economy has real GDP equal to potential output. Potential GDP $14 000 Government purchases $2100 Investment $300 Consumption $10 000 Net tax revenues $2000 Refering to the table above, what is th eprivate saving for this economy?
The table below shows aggregate values for a hypothetical economy. Suppose this economy has real GDP equal to potential output. Potential GDP $14 000 Government purchases $2100 Investment $300 Consumption $10 000 Net tax revenues $2000 Refering to the table above, what is th eprivate saving for this economy?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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The table below shows aggregate values for a hypothetical economy. Suppose this economy has real GDP equal to potential output.
Potential GDP | $14 000 |
Government purchases | $2100 |
Investment | $300 |
Consumption | $10 000 |
Net tax revenues | $2000 |
Refering to the table above, what is th eprivate saving for this economy?
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