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77. In a closed economy, what does (T - G) represent?
77. In a closed economy, what does (T - G) represent? A. private saving b. public saving c. national saving d. investment 78. Suppose that in a closed economy GDP is equal to 8,000, Taxes are equal to 2,000, Consumption equals 5,000, and Government expenditures equal 1,000. What is national saving? A. 0 b. 2000 c. 3000 d. None of the above are correct. 79. In a closed economy, what does (Y - T - C) represent? A. national saving b. government tax revenue c. public saving d. private saving 80. Suppose that in a closed economy GDP is equal to 8,000, Taxes are equal to 2,000, Consumption equals 5,000, and Government expenditures equal 1,000. What are private saving and public saving?
