Public saving is equal to taxation receipts, minus government purchases, minus transfer payments.

Name: Public saving is equal to taxation receipts, minus government purchases, minus transfer payments.
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Question

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Public saving is calculated as the difference between what the government collects in taxes (taxation receipts) minus its spending on goods and services (government purchases) and minus its transfer payments to individuals or other entities.

Public Saving Is Equal to Taxation Receipts, Minus Government Purchases