EBK ESSENTIALS OF ECONOMICS
EBK ESSENTIALS OF ECONOMICS
7th Edition
ISBN: 8220102452107
Author: Mankiw
Publisher: CENGAGE L
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Chapter 18, Problem 3QCMC
To determine

The Private savings of the economy.

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If national saving equals $100,000, net taxes equal $100,000 and government expenditure equals $25,000, what is private saving? Select one: a.zero b.$175,000 c.$25,000 d.-$25,000 e.$225,000
A closed economy has income of $1000, government spending of $200, taxes of $150, and investment of $250. What is private saving?
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