Fill in the blanks:The following shows information of a hypothetical economy in a given year. Calculate thevalues of national saving, private saving, and government saving.S MillionConsumption350Gross investment purchases100Exports6050ImportsGovernment purchases125Government tax revenues100Workers' wages and salaries470Depreciation60The value of national saving is $the value of private saving is $and the value of government saving is $

Y=Consumption+Investment+Government purchase+Net Exports Y=350+100+125+(60-50)Y=575+10Y=585

Fill in the blanks: The following shows information of a hypothetical economy in a given year. Calculate the values of national saving, private saving, and government saving. $ Million 350 Consumption Gross investment purchases Exports Imports Government purchases 100 60 50 125 Government tax revenues 100 Workers' wages and salaries Depreciation 470 60 The value of national saving is $ ,the value of private saving is $ and the value of government saving is $

Fill in the blanks: The following shows information of a hypothetical economy in a given year. Calculate the values of national saving, private saving, and government saving. $ Million 350 Consumption Gross investment purchases Exports Imports Government purchases 100 60 50 125 Government tax revenues 100 Workers' wages and salaries Depreciation 470 60 The value of national saving is $ ,the value of private saving is $ and the value of government saving is $

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

Fill in the blanks:
The following shows information of a hypothetical economy in a given year. Calculate the
values of national saving, private saving, and government saving.
S Million
Consumption
350
Gross investment purchases
100
Exports
60
50
Imports
Government purchases
125
Government tax revenues
100
Workers' wages and salaries
470
Depreciation
60
The value of national saving is $
the value of private saving is $
and the value of government saving is $

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