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andrew-mc [135]
3 years ago
10

Suppose the following information describes the economy: Household saving 300 Business saving 700 Government purchases 1,000 Gov

ernment transfers and interest payments 500 Government tax collections 1,500 GDP 5,000 Public saving equals ____and national saving equals ____.
Business
1 answer:
liraira [26]3 years ago
3 0

Answer:

$1,000; $1,000

Explanation:

Given that,

Household saving = $300

Business saving = $700

Government purchases = $1,000

Government transfers and interest payments = $500

Government tax collections = $1,500

GDP = $5,000

Public saving:

= Government tax collections - Government purchases - Government transfers and interest payments

= $1,500 - $1,000 - $500

= $0

Private savings:

= Household saving + Business saving

= $300 + $700

= $1,000

National savings:

= Public saving + Private saving

= $0 + $1,000

= $1,000

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A borrower asks the notary Signing agent for the contact information for the closing agent and the lenders representative. The n
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Help soon! Its Sunday and i have too much over due homework ;-;
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the first one at the left goes with the third one on the left.

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