assume that isoland has a closed economy. Isoland GDP is $8 trillion, its private saving is $0.5 trillion, its government saving is $0.2 trillion,…
assume that isoland has a closed economy. Isoland GDP is $8 trillion, its private saving is $0.5 trillion, its government saving is $0.2 trillion, and its taxes equal $1.5 trillion. Calculate for consumption, government spending, national saving, and investment.
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