Business, 01.10.2019 21:20 jenny8460

In a closed economy, the values for gdp, consumption spending, investment spending, transfer payments, and taxes are as follows: y = $12 trillion c = $9 trillion i = $3 trillion tr = $2 trillion t = $3 trillion using the information above, what is the value of private saving and public saving? a. private saving equals $2 trillion and public saving equals $1 trillion. b. private saving equals $1 trillion and public saving equals $2 trillion. c. private saving equals $9 trillion and public saving equals $3 trillion. d. private saving equals $3 trillion and public saving equals $9 trillion.

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