Use the following information for all of the questions in this Check Point: Y $14 trillion C- $8 trillion | - $3 trillion TR = $1 trillion T- $3 trillion Enter your answers as whole numbers only (no decimals, no $). For example, if the answer is $7 trillion, you would only enter 7 as Question 1 What would government purchases be equal to? $. trillion. Question 2 What would private saving be equal to? $. trillion, Question 3 What would public saving be equal to? $. trillion.

Principles of Macroeconomics (MindTap Course List)
7th Edition
ISBN:9781285165912
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter13: Savings,Investment And The Financial System
Section: Chapter Questions
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Use the following information for all of the questions in this Check Point:
Y $14 trillion
C= $8 trillion
| = $3 trillion
TR = $1 trillion
T= $3 trillion
Enter your answers as whole numbers only (no decimals, no $). For example, if the answer is $7 trillion, you would only enter 7 as your a
Question 1
What would government purchases be equal to? $
trillion.
Question 2
What would private saving be equal to? $
trillion.
Question 3
What would public saving be equal to? $
trillion.
Transcribed Image Text:Use the following information for all of the questions in this Check Point: Y $14 trillion C= $8 trillion | = $3 trillion TR = $1 trillion T= $3 trillion Enter your answers as whole numbers only (no decimals, no $). For example, if the answer is $7 trillion, you would only enter 7 as your a Question 1 What would government purchases be equal to? $ trillion. Question 2 What would private saving be equal to? $ trillion. Question 3 What would public saving be equal to? $ trillion.
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