In a closed economy, the values for GDP, consumption spending, investment spending, transfer payments, and taxes are as follows:
|
Y =
|
$13 trillion
|
|
C =
|
$10 trillion
|
|
I =
|
$4 trillion
|
|
TR =
|
$3trillion
|
|
T =
|
$4 trillion
|
Using the information above, what is the value of private saving and public saving?