National output: $200000,Taxes: $10000,Consumption: $6000,Government Expenditures: $2000,Find Private Savings and Public Savings

Question

National output: $200000,Taxes: $10000,Consumption: $6000,Government Expenditures: $2000,Find Private Savings and Public Savings
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Solution 1

The question is asking for the values of private savings and public savings.

Private savings can be calculated using the formula:

Private Savings = National Output - Taxes - Consumption

Substituting the given values into the formula:

Private Savings = $200000 - $10000 - $6000 = $184000

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