Suppose real GDP is $5,136 billion, taxes collected by the government are $535 billion, government spending is $656 billion, and consumption spending is $3,893 billion. What is the value of private saving?

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A: Given  GDP = $30 trillion.  Consumption = $20 trillion.  Government spending = $4 trillion.  Budget…

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Q: 4.4 how am i supposed to show this, are there going to be two lines crossing over eachother?

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Q: 4. Supply and demand for loanable funds The following graph shows the market for loanable funds in a…

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Q: Suppose Economist in England, a closed economy, have collected the following information about the…

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Q: A friend asks you to explain the difference between saving and investment. Explain the difference.

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A: Introduction: Consumption is the amount that can be calculated by subtracting the taxes, and private…

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Q: Define Purchase of Investment.

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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.