Thank you for visiting Suppose GDP is 9 trillion taxes are 1 9 trillion private saving is 0 6 trillion and public saving is 0 3 trillion What is. This page is designed to guide you through key points and clear explanations related to the topic at hand. We aim to make your learning experience smooth, insightful, and informative. Dive in and discover the answers you're looking for!
Answer :
All government purchases, investments, and transfer payments are included in what is known as government spending or expenditure.
What does national saving really mean?
The total amount of money businesses, consumers, and the government save on a nationwide level. National savings are determined in accordance with the government Bureau of Economic Analysis (BEA). Better living standards, faster economic growth, and higher productivity are all associated with higher national savings rates.
Y = C + I + G
Private saving is the amount of money (Y) households have left over after paying their taxes and other expenses ( C ). You can rewrite the equation for private saving to account for consumption:
S private = Y - T - C
C = Y - T - S private
= 6.5 trillion
The amount of tax income that remains after the government has paid for its expenditures is known as the public savings. You can change the formula for public saving to solve for government purchases (G) as follows:
S public = T - G
G = T - S public
= 1.6 trillion
The total of private and public saving is known as national saving.
Nat'l Saving = S private + S public
=0.9 trillion
Learn more about national saving: https://brainly.com/question/30004719
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