In a closed economy,
Y = $16 billion
C = $12.8 billion
I= $1.6 billion
TR$1.0 billion
T = $4.0 billion
Calculate each of the following (round each answer to one decimal place).
Private savings = $
Public savings = $
billion
Total savings in this economy = $
billion
The government's budget deficit or surplus = $ billion
(enter a negative number for a deficit, positive number for surplus).
billion