Exhibit 18-4Total Spending (billions of dollars)20152016C3,9064,140O $717 billionO $1,079 billion$737 billionI$1,816 billion737797GO Not enough information is given.1,099According to the data in Exhibit 18-4, 2015 national saving equaled1,132X-20-30

National savings(S) is the total amount of income(Y) that a country's households, businesses, and…

Answered: According to the data in Exhibit 18-4,…

According to the data in Exhibit 18-4, 2015 national saving equaled O $717 billion $1,079 billion $737 billion O $1,816 billion O Not enough information is given.

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter18: Savings,investment And The Financial System

Section: Chapter Questions

Problem 4PA

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Concept explainers

Public Saving

Public saving deals with the amount which has been in excess after meeting all the obligatory expenses and investment of the government. Taxes are collected by the government to meet its day-to-day expenditures. The obligatory expenses include all those expenses which are mandatory for the government. It cannot be avoided as it is inevitable.

Question

Exhibit 18-4
Total Spending (billions of dollars)
2015
2016
C
3,906
4,140
O $717 billion
O $1,079 billion
$737 billion
I
$1,816 billion
737
797
G
O Not enough information is given.
1,099
According to the data in Exhibit 18-4, 2015 national saving equaled
1,132
X
-20
-30

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