If government purchases are $400 million,taxes are $700 million,and transfers are $200 million,which of the following is true?

Name: If government purchases are $400 million,taxes are $700 million,and transfers are $200 million,which of the following is true?
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Question

Quizplus · Accepted Answer

Public saving (national saving) can be calculated as:
Public Saving = Taxes - Government Purchases - Transfers
Public Saving = $700 million - $400 million - $200 million
Public Saving = $100 million
Hence, option D is correct.

If Government Purchases Are $400 Million,taxes Are $700 Million,and Transfers