What is the amount of investment spending in the economy

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Reference no: EM13239190

The following table contains data for a hypothetical open economy. The amount of investment spending is unknown.

GDP
$8,000

Consumption (C)
$4,000

Government spending (G)
$1,100

Tax (T)
$1,300

Transfer payment (TR)
$500

Export (X)
$500

Import (IM)
$350

What is the level of private savings?
What is the level of government savings?
What is the status of the budget balance?
What is the level of national savings?
According to the savings-investment spending identity for an open economy, what is the amount of investment spending in this economy?

Reference no: EM13239190

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