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Answer to Question #17459 in Macroeconomics for frank hall
Question #17459
Assume the following information for an imaginary, closed economy (that is, there are no exports or imports). GDP = $120,000; consumption = $85,000; private saving = $7,000; national saving = $14,000.
a. What is the amount of investment in this economy?
$0
a. What is the amount of investment in this economy?
$0
Expert's answer
Investments in economy equals to the national savings. So, we have that investments in this economy is $14,000.
Answer: $14,000.
Answer: $14,000.
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#340153 on Dec 2023
#340153 on Dec 2023
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