Use the information in the table below to answer the following questions.GDPConsumptionGovernment spending2,0001,500300400Net taxesPlease enter your answers as numerical values (ie. 300 or $300 not "Three hundred dollars")What is the value of Private Savings?What is the value of Public Savings?What is the value of National Savings?

The national savings are the sum of private savings and public savings of the country.

Answered: What is the value of Private Savings?…

Business

Economics

What is the value of Private Savings? What is the value of Public Savings? What is the value of National Savings?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

The following table contains data for a hypothetical closed economy that uses the dollar as its currency. Suppose GDP in this country is $1,800 million. Enter the amount for government purchases.
1. Suppose you are given the following data: Government Purchases $ 6.0 billion Imports $ 0.3 billion Transfer Payments $ 2.3 billion Consumption $11.9 billion Depreciation $ 2.2 billion Exports $ 0.5 billion Investment $ 3.7 billion Taxes $ 6.4 billion a) Calculate the value of government public savings. b) Calculate the value of household private savings. (
How is capital transferredbetween savers and borrowers?
You are given the following information: Consumption of goods and services $1,250 Gross business investment 350 Government expenditure 400 Depreciation 100 Indirect business taxes 25 Corporate retained earnings 150 Corporate taxes 95 Personal taxes 250 Determine: Gross National Product. Net National Product. National Income. Personal Income. Disposable Income. Personal saving. Business saving. Government saving. i. National saving. Show that national saving equals gross business…
The country of Bahrain does not trade with any other country. Its GDP is $20 billion. Its government collects $4 billion in taxes and pays out $3 billion to households in the form of transfer payments. Consumption equals $15 billion and investment equals $2 billion. What is public saving in Bahrain, and what is the value of the goods and services purchased by the government of Bahrain?
What is the price of funds in the loanable funds market? a. the Consumer Price Index b. the real wage rate c. inflation expectation d. the interest rate e. the GDP price index
Patrick wants to start his own dental practice, but his expenditures exceed his income. Which statement best describes Patrick? a. He is a saver who demands loanable finds from the financial system. b. He is a saver who supplies loariable funds to the financial system c. He is a borrower who demands loanable funds from the financial system. d. He is a borrower who supplies loanable funds to the financial system