Valeria is a closed economy, where consumption totals $3 billion, tax payments are $300 million, government spending is $1 billion, and GDP is $5 billion. Private saving amounts to
a. $1.7 billion and Valeria's government runs a budget deficit.
b. $1.7 billion and Valeria's government runs a budget surplus.
c. $1 billion and Valeria's government runs a budget deficit.
d. $1 billion and Valeria's government runs a budget surplus
a
Economics
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If the economy is at long run equilibrium then
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