and taxes are as follows In a closed economy, the values for G consumpton spendn

Question

and taxes are as follows In a closed economy, the values for G consumpton spendn·nvestment spending, tansler payments, Y $11 trillion C $8 trillion $2 trilion TR = $1 trillion T $2 trillion Using the information above, what is the value of private saving and public saving? O A. Private saving equals 58 trillion and public saving equals $2 trillion O B. Private saving equals $2 trilion and public saving equals $0 trillion O C. Private saving equals $0 trillion and public saving equals S1 trion O D. Private saving equals $2 trillion and public saving equals $8 trillion

Explanation / Answer

Ans is C

Private spending=Y-C+Tr-Taxes=11-8+1-2=0trillion

Public saving=Taxes-G-Tr=2-1-0=1

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