Table 26-3. The following table presents information about a closed economy whose market for loanable funds is in equilibrium.
-Refer to Table 26-3. Determine the quantity of private saving.
A)$0.2 trillion
B)$1.6 trillion
C)$1.8 trillion
D)$2.6 trillion

Question

Table 26-3. The following table presents information about a closed economy whose market for loanable funds is in equilibrium. 
-Refer to Table 26-3. Determine the quantity of private saving.
A)$0.2 trillion 
B)$1.6 trillion 
C)$1.8 trillion 
D)$2.6 trillion

Quizplus · Accepted Answer

Private saving is typically calculated as the total income of households minus taxes and consumption. Without the table, we assume the correct answer based on typical economic data.