The country of Cedarland does not trade with any other country. Its GDP is $17 billion. Its government purchases $5 billion worth of goods and services each year and collects $6 billion in taxes. Private saving in Cedarland is $5 billion. For Cedarland,

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


b

Economics

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Economics