Suppose the following information describes the economy: $\begin{array}{l|r}
\text { GDP } & 2,000 \
\hline \text { Consumption } & 1,500 \
\hline \text { Government spending } & 300 \
\hline \text { Net taxes } & 400
\end{array}$
Private saving equals ________; public saving equals ________; national saving equals ________.

Question

Suppose the following information describes the economy: $\begin{array}{l|r}
\text { GDP } & 2,000 \
\hline \text { Consumption } & 1,500 \
\hline \text { Government spending } & 300 \
\hline \text { Net taxes } & 400
\end{array}$  
Private saving equals ________; public saving equals ________; national saving equals ________.

Quizplus · Accepted Answer

Private saving is GDP - Consumption - Net taxes = 2000 - 1500 - 400 = 100. Public saving is Net taxes - Government spending = 400 - 300 = 100. National saving is Private saving + Public saving = 100 + 100 = 200.

Suppose the Following Information Describes the Economy Private Saving Equals ________; Public Saving Equals ________; National Saving

Suppose the Following Information Describes the Economy Private Saving Equals ; Public Saving Equals ; National Saving