Suppose the following information describes the economy: Private saving equals ____ and national saving equals ____.

Name: Suppose the following information describes the economy: Private saving equals ____ and national saving equals ____.
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Question

Suppose the following information describes the economy:  Private saving equals ____ and national saving equals ____.

Quizplus · Accepted Answer

Private saving is income (2,000) minus consumption (1,500) minus net taxes (400), which equals 100. Public saving is net taxes (400) minus government purchases (300), which equals 100. National saving is private saving plus public saving or 200.

Suppose the Following Information Describes the Economy: Private Saving