Good Day Suppose That Gdp Is 8 Billion Taxes Are 1 5 Billion Private Saving Is 0

good day .

Suppose that GDP is $8 billion, taxes are $1.5 billion, private saving is $0.5 billion, and public saving is 0.2 billion. Assuming the economy is closed, calculate the size of: [5 marks each] (i) Consumption (ii) Investment (iii) Government Spending (iv) National Savings (v) Disposal income

Prof. Angela


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