Thank you for visiting Suppose GDP is 12 trillion taxes are 3 6 trillion private saving is 1 5 trillion and public saving is 0 8 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 :
Total saving in the economy is the sum of private and public saving, which in this case is 2.3 trillion.
The total saving in the economy is calculated by adding private saving to public saving. Given that private saving is 1.5 trillion and public saving is 0.8 trillion, the total saving in the economy can be found through the following step-by-step explanation:
- Identify the amounts of private and public saving.
- Add private saving to public saving to obtain total saving.
Therefore, the total saving in the economy is 1.5 trillion (private saving) plus 0.8 trillion (public saving), which equals 2.3 trillion.
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Rewritten by : Jeany
