If income is 4,800, consumption is 3,500, government spending is 1,000, and taxes minus transfers are 800, private saving is:
A)300.
B)500.
C)1,000.
D)1,300.

Name: If income is 4,800, consumption is 3,500, government spending is 1,000, and taxes minus transfers are 800, private saving is: A)300. B)500. C)1,000. D)1,300.
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Question

Quizplus · Accepted Answer

Private Saving = Income - Consumption - Government Spending - Taxes minus Transfers
Private Saving = 4,800 - 3,500 - 1,000 - 800
Private Saving = 500

If Income Is 4,800, Consumption Is 3,500, Government Spending Is