Based on the following information, what is the amount of public saving? $$\begin{array} { | l | c | c | }
\hline & \text { Receipts } & \text { Expenditures } \
\hline \text { Federal and Goverment } & 2,500 & 2,000 \
\hline \text { State ard Local Goverrments } & 1,200 & 1,500 \
\hline
\end{array}$$
A)+3,700
B)+2,500
C)+200
D)-300

Question

Based on the following information, what is the amount of public saving? $$\begin{array} { | l | c | c | } 
\hline & \text { Receipts } & \text { Expenditures } \
\hline \text { Federal and Goverment } & 2,500 & 2,000 \
\hline \text { State ard Local Goverrments } & 1,200 & 1,500 \
\hline
\end{array}$$  
A)+3,700
B)+2,500
C)+200
D)-300

Quizplus · Accepted Answer

Public saving is calculated as the total receipts minus total expenditures for both the federal government and state and local governments. Here, (2,500 + 1,200) - (2,000 + 1,500) = 3,700 - 3,500 = 200.

Based on the Following Information, What Is the Amount of Public