For a closed economy,GDP is $12 trillion,consumption is $7 trillion,taxes net of transfers are $3 trillion and the government runs a deficit of $1 trillion.What are private saving and national saving?
A)$5 trillion and $3 trillion,respectively
B)$5 trillion and $1 trillion,respectively
C)$2 trillion and $3 trillion,respectively
D)$2 trillion and $1 trillion,respectively

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The Answer of For a closed economy,GDP is $12 trillion,consumption is $7 trillion,taxes net of transfers are $3 trillion and the government runs a deficit of $1 trillion.What are private saving and national saving?
A)$5 trillion and $3 trillion,respectively
B)$5 trillion and $1 trillion,respectively
C)$2 trillion and $3 trillion,respectively
D)$2 trillion and $1 trillion,respectively

For a Closed Economy,GDP Is $12 Trillion,consumption Is $7 Trillion,taxes