A closed economy has income of $1,200 billion, government spending of $220 billion, taxes of $170 billion, and investment spending of $250 billion. Consumption spending is $ billion. Private saving is $ billion. Public saving is $ billion. National saving is $ billion. Enter whole numbers.

Consumption spending = $730 Billion, Private savings = $300 Billion , Public savings = -$50 Billion, National savings = $250 Billion

The Formula for GDP is Y = C + I + G where Y is income, C is Consumption, I is Investment and G is Government Spending.

Making C the subject we have C = Y - I - G

Consumption spending = 1,200 - 220 - 250

Consumption spending = $730 billion

Private Saving refers to what people are left with after taxes and Consumption.

Private Saving = Y - T - C

Private Saving = 1,200 - 170 - 730

Private Saving = $300 billion

Public Saving = Taxes - Government Spending

Public Saving = 170 - 220

Public Saving = -$50 billion

National Saving refers to the amount that was saved after Consumption and Government Spending.

National Saving = Y - C - G

National Saving = 1,200 - 730 - 220

National Saving = $250 billion

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CONSUMPTION SPENDING = $730 Billion

PRIVATE SAVING = $300 Billion

PUBLIC SAVING = -$50 Billion

NATIONAL SAVING = $250 Billion

Explanation:

The missing figures are the Consumption Spending, Private Saving, Public saving and National Saving.

This is a closed economy so no imports.

Consumption Spending.

The Formula for GDP is

Y = C + I + G

Y is income

C is Consumption

I is Investment

G is Government Spending.

Making C the subject we have,

C = Y - I - G

= 1,200 - 220 - 250

= $730 billion

Private Saving is what people are left with after taxes and Consumption so,

= Y - T - C

= 1,200 - 170 - 730

= $300 billion

Public Saving is how much the Government spent vs what it received.

The formula would therefore be

= Taxes - Government Spending

= 170 - 220

= -$50 billion

National Saving is the amount in the Economy that was saved after accounting for Consumption and Government Spending.

= Y - C - G

= 1,200 - 730 - 220

= $250 billion

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Bridget fraudulently sold Aimee a designer purse, which turned out to be fake. In this case, the word fraudulently means that Bridget B. WAS DISHONEST BECAUSE SHE TOLD AIMEE THE PURSE WAS REAL.

It also means that Bridget, knowing that the purse is fake, sold the purse at the price of a real purse which made a large profit for her.