GDP $7.3 trillion Consumer Spending $5.2 trillion Taxes Minus Transfers $1.1 trillion Government Purchases $0.7 trillion #39 The quantity of private saving is a $6.2 trillion. b $2.1 trillion. c $1 trillion. d $1.4 trillion.

GDP $7.3 trillion Consumer Spending $5.2 trillion Taxes Minus Transfers $1.1 trillion Government Purchases $0.7 trillion #39 The quantity of private saving is a $6.2 trillion. b $2.1 trillion. c $1 trillion. d $1.4 trillion.

Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781305971509

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter13: Savings,investment And The Financial System

Section: Chapter Questions

Problem 3CQQ

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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

GDP	$7.3 trillion
Consumer Spending	$5.2 trillion
Taxes Minus Transfers	$1.1 trillion
Government Purchases	$0.7 trillion

#39 The quantity of private saving is

a	$6.2 trillion.
b	$2.1 trillion.
c	$1 trillion.
d	$1.4 trillion.

Definition Video Definition Overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period. Video

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