Question

In an open economy, consumption expenditure equals $420 billion, government expenditure equals $80 billion, investment equals $160 billion, and net exports equals $40 billion. What is national savings?

Answer 1

Answer:

Government expenditure accounts for about 20% of the GDP of the United States,

The net export component of GDP is equal to the dollar value of exports, .... investment is $50 billion, imports are $40 billion, and consumption spending is $2,000 billion. .... “National data: National Income and Product Accounts Tables.