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The following is the data for a hypothetical island economy. All values are in billions of real dollars. Assume that the island economy does not engage in trade with any other countries.
Gross Domestic Product $2,000
Taxes $ 400
Government Purchases $ 500
Investment $ 300
Consumption $1,200
6.3. What is the level of public saving?
A. -$300 billion
B. -$100 billion
C. $500 billion
D. $300 billion
I'm going to go with B but I just wanted to double check - - Thanks
Gross Domestic Product $2,000
Taxes $ 400
Government Purchases $ 500
Investment $ 300
Consumption $1,200
6.3. What is the level of public saving?
A. -$300 billion
B. -$100 billion
C. $500 billion
D. $300 billion
I'm going to go with B but I just wanted to double check - - Thanks