What is the amount of household savings in the economy

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Reference no: EM13996837

Suppose in the United States consumption is described by the formula: C= $50 billion+0.9 Yd, where Yd is disposable income. If taxes are $100 billion and household income is $1,000 billion, what is the amount of household savings in the economy?

A. $50 billion

B. $950 billion

C. $900 billion

D. $40 billion

E. $860 billion

Reference no: EM13996837

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