National output: $200000,Taxes: $10000,Consumption: $6000,Government Expenditures: $2000,Find Private Savings and Public Savings
Question
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
Public Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv
Similar Questions
National output: $200000,Taxes: $10000,Consumption: $6000,Government Expenditures: $2000,Find Private Savings and Public Savings
Q4. Why does the government involve private companies to provide some public facilities?
If income in a closed, private economy is $50 and consumption is $35, what is the amount of savings?Multiple choice question.$85$15$50$35
If income in a closed, private economy is $50 and consumption is $35, what is the amount of savings?Multiple choice question.$15$85$35$50
What is the impact on the national saving rate if the consumption and government share each increased by 5%?