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Chris M.
Chris M., M.S.W. Social Work
Category: Homework
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the economy last year y 10000 c 6000 t 1500 g 1700 the

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the economy last year:

the government uses the following equation for the investment function:

r=real interst rate
how to calculate and explain private savings?

please help and thanks



National savings (S) = private savings + public savings


Private savings is calculated by subtracting consumption or C from disposable income, which is represented as (Y-T), with Y being the GDP (Gross Domestic Product) and T being tax payments. The expression (T-G) refers to revenue received by the government through taxes less government expenses. This is defined as public savings.


S = (Y-T-C) + (T-G)


Private savings = Y-T-C


given that Y=10,000, T=1,500 and C=6,000


10,000 - 1,500 - 6,000 = 2,500


Private savings = 2,500


Hope this helps!

Edited by Chris M. on 8/22/2010 at 3:12 AM EST
Customer: replied 6 years ago.





if T is less than G tpublic svgs is negative, therefore represents a budget deficit


is this correct?

what about I=3300-100r; r=real interest. do I have to account for this in my calculation?


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