Suppose the government has a budget surplus of $2 billion.If the country's level of private saving is $1.2 billion,then national saving must be

Name: Suppose the government has a budget surplus of $2 billion.If the country's level of private saving is $1.2 billion,then national saving must be
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Question

Quizplus · Accepted Answer

National saving is the sum of private saving and the government budget surplus. Therefore, $1.2 billion (private saving) + $2 billion (budget surplus) = $3.2 billion.

Suppose the Government Has a Budget Surplus of $2 Billion