option for blank #1: current and future government spending are, only future spending is, current and future consumer spending are, only current spending is option fo blank #2: taxes, consumption option fo blank #3: an equal and opposite, an equal option fo blank #4: taxes, consumption option fo blank #5: real GDP, unemployement rate, real interest rate option fo blank #6: consumption of individuals, government spending

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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.