5 The table below shows aggregate values for an economy where real GDP equals potentialoutput.Potential GDP$2800Net tax revenues$50Governmentpurchases$200Investment$250Consumption$2350What is the level of private saving for this economy?O a. $450O b. $400O c. $150O d. $50O e. $100

Saving = Private saving +Public Saving. Private saving = GDP -Taxes -Consumption. Public saving =…

Answered: The table below shows aggregate values…

The table below shows aggregate values for an economy where real GDP equals potent output. Potential GDP $2800 Net tax revenues $50 Government

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

The table below shows aggregate values for an economy where real GDP equals potential
output.
Potential GDP
$2800
Net tax revenues
$50
Government
purchases
$200
Investment
$250
Consumption
$2350
What is the level of private saving for this economy?
O a. $450
O b. $400
O c. $150
O d. $50
O e. $100

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