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lutik1710 [3]
3 years ago
7

Which of the following equals the amount of public​ saving?

Business
1 answer:
ollegr [7]3 years ago
3 0

Answer:

The answers are:

  • A) Government tax revenue minus the sum of government purchases and transfer payments to households.
  • B) a budget surplus

Explanation:

The formula to calculate public saving is (T - G - TR).

  • T stands for all the government revenue through taxes and tariffs.
  • G stands for all the government spending including purchase of goods and provision of services.  
  • TR stands for all the government transfers including payments to individuals and households through social programs (including social security).  

Budget surplus is the same as public saving.

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