Question

Suppose government spending was $3.70 trillion, tax revenue was $4.50 trillion, GDP was $14.10 trillion, and total consumer spending was $10.55 trillion. Instructions: Round your answers to two decimal places and include a negative sign if necessary. a. If the economy has no exports or imports, what was the national savings

Answer 1

Answer:

-0.36 Trillion

Explanation:

In most the countries national savings are neutral to negative, so it's actually the public savings are negative 'cause the government spends more than the amount of revenue gets in taxes.