Suppose the following information describes the economy: $$\begin{array} { l r }
\text { GDP } & 2,000 \
\text { Consumption } & 1,500 \
\text { Government spending } & 300 \
\text { Net taxes } & 400
\end{array}$$
Private saving equals ____;public saving equals ______;national saving equals ____.

Question

Suppose the following information describes the economy: $$\begin{array} { l r } 
\text { GDP } & 2,000 \
\text { Consumption } & 1,500 \
\text { Government spending } & 300 \
\text { Net taxes } & 400
\end{array}$$
Private saving equals ____;public saving equals ______;national saving equals ____.

Quizplus · Accepted Answer

Private saving is GDP - Consumption - Net taxes = 2000 - 1500 - 400 = 100. Public saving is Net taxes - Government spending = 400 - 300 = 100. National saving is Private saving + Public saving = 100 + 100 = 200.

Suppose the Following Information Describes the Economy Private Saving Equals ____;Public Saving Equals ______;National Saving Equals ____

Suppose the Following Information Describes the Economy Private Saving Equals ;Public Saving Equals ;National Saving Equals __