Solved: Find the market value of output and household saving, Macroeconomics

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Find the market value of output and household saving

Question: Suppose, in a two-sector model, that individuals receive the following payments from the business sector: wages $520, interest $30 rent $ 10 and profits $80. Consumption spending is $550 and investment is $90.

a. Find the market value of output and household saving

b. What is the relationship of saving and investment?

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Macroeconomics: Find the market value of output and household saving

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Macroeconomics: Find the market value of output and household saving

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