Based on the following information,what is the amount of public saving? $$\begin{array} { l c c }
& \text { Receipts } & \text { Expenditures } \
\text { Federal Government } & 2,500 & 2,000 \
\text { State and Local Governments } & 1,200 & 1,500
\end{array}$$

Question

Based on the following information,what is the amount of public saving? $$\begin{array} { l c c } 
& \text { Receipts } & \text { Expenditures } \
\text { Federal Government } & 2,500 & 2,000 \
\text { State and Local Governments } & 1,200 & 1,500
\end{array}$$

Quizplus · Accepted Answer

Public saving is calculated by taking the receipts of the government and subtracting its expenditures. For the Federal Government, the public saving is $2,500 - $2,000 = $500. For the State and Local Governments, the public saving is $1,200 - $1,500 = -$300. Adding these two values, we get:

$500 + (-$300) = $200

Therefore, the amount of public saving is $200, which is option C.

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