Based on the following information, what is the amount of public saving? $$\begin{array} { l c c }
& \text { Receipts } & \text { Expenditures } \
\text { Federal Government } & 2,500 & 2,000 \
\text { State and Local Governments } & 1,200 & 1,500
\end{array}$$
A) +3,700
B) +2,500
C) +200
D) -300

Question

Based on the following information, what is the amount of public saving? $$\begin{array} { l c c } 
& \text { Receipts } & \text { Expenditures } \
\text { Federal Government } & 2,500 & 2,000 \
\text { State and Local Governments } & 1,200 & 1,500
\end{array}$$
A) +3,700
B) +2,500
C) +200
D) -300

Quizplus · Accepted Answer

To calculate public saving, we need to subtract government expenditures from government receipts:
Public Saving = (Federal Government Receipts + State and Local Government Receipts) - (Federal Government Expenditures + State and Local Government Expenditures)
Public Saving = (2,500 + 1,200) - (2,000 + 1,500)
Public Saving = 3,700 - 3,500
Public Saving = 200
Therefore, the amount of public saving is +200, so the correct answer is C.

Based on the Following Information, What Is the Amount of Public