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The country of cedarland does not trade with any other country. its gdp is $17 billion. its government purchases $4 billion worth of goods and services each year, collects $6 billion in taxes, and provides $1 billion in transfer payments to households. private saving in cedarland is $4 billion. for cedarland,

a. investment is $6 billion and consumption is $9 billion.
b. investment is $5 billion and consumption is $7 billion.
c. investment is $5 billion and consumption is $8 billion.
d. investment is $6 billion and consumption is $8 billion.

1 Answer

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d.! hope it helps =)
User NaveenBabuE
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