In an open economy, gross domestic product equals $2,460 billion, consumption expenditure equals $1,435 billion, government expenditure equals $325 billion, investment equals $560 billion, and net capital outflow equals $375 billion. What is national saving? $1,260 billion $2,135 billion $935 billion $1,900 billion

Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter27: Investment, The Capital Market, And The Wealth Of Nations
Section: Chapter Questions
Problem 11CQ
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In an open economy, gross domestic product equals $2,460 billion, consumption expenditure equals $1,435 billion,
government expenditure equals $325 billion, investment equals $560 billion, and net capital outflow equals $375
billion. What is national saving?
$1,260 billion
$2,135 billion
$935 billion
$1,900 billion
Transcribed Image Text:In an open economy, gross domestic product equals $2,460 billion, consumption expenditure equals $1,435 billion, government expenditure equals $325 billion, investment equals $560 billion, and net capital outflow equals $375 billion. What is national saving? $1,260 billion $2,135 billion $935 billion $1,900 billion
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