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.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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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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