The figure shows the flows of income and expenditure in an economy. In 2008, Q was $1,100 billion, U was $250 billion, W was $550 billion, Rwas $100 billion, and Z was $80 billion. Calculate investment and saving. Investment is $ 220 billion. Saving is $billion. ...

The figure shows the flows of income and expenditure in an economy. In 2008, Q was $1,100 billion, U was $250 billion, W was $550 billion, Rwas $100 billion, and Z was $80 billion. Calculate investment and saving. Investment is $ 220 billion. Saving is $billion. ...

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

Q
FACITOR
MARKETS
HOUSEHOLDS
R
GOVERNMENTS
FIRMS
V
W
FINANCIAL
MARKETS
GOODS
MARKETS
Z
REST
OF
WORLD

The figure shows the flows of income and expenditure in an economy.
In 2008, Q was $1,100 billion, U was $250 billion, W was
$550 billion, R was $100 billion, and Z was $80 billion.
Calculate investment and saving.
Investment is $220 billion.
Saving is $ billion.
...

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