The table below shows aggregate values for a hypothetical economy. Suppose this economy has real GDP equal to potential output. Potential GDP $14 000 Government purchases $2100 Investment $300 Consumption $10 000 Net tax revenues $2000 Refering to the table above, what is th eprivate saving for this economy?

Q: If household saving decreases by $4 million, business saving increases by $4 million, and the…

A: Household savings refers to the portion of income that is not spent on immediate consumption but…

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A: here we calculate the  private saving, public saving and national saving by using following method…

Q: SHOW CALCULATION

A: Step 1:Step 2:Step 3:

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A: Since, you have posted multiple parts question, we will solve the first three sub-parts for you. If…

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A: Public Saving is the total amount saved by the government and the entire public sector. If the…

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A: Given  Y C 1000 1500 2000 2600 3600 3000 4800 3900 5500 4200 6200 4800

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Q: 3 Ask Mc Graw Hill Disposable Income and Consumption Disposable Income $0 6,000 12,000 18,000…

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Q: 2. is it possible for total saving to fall when people beome more thirfty?

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A:

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A: Since you have not mentioned which question you require an answer for, as per our standard procedure…

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A: MPC=0.5 C=1000

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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.