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QUESTION

For a closed economy, gdp is $11 trillion, consumption is $7 trillion, taxes are $2.5 trillion and the government runs a surplus of $1 trillion. what are private saving and national saving? a. $1.5 tr

For a closed economy, gdp is $11 trillion, consumption is $7 trillion, taxes are $2.5 trillion and the government runs a surplus of $1 trillion. what are private saving and national saving?

a. $1.5 trillion and $1.5 trillion, respectively

b. $1.5 trillion and $2.5 trillion, respectively

c. $2.5 trillion and $2.5 trillion, respectively

d. $2.5 trillion and $1.5 trillion, respectively

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