How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Chris M. Your Own Question
Chris M.
Chris M., M.S.W. Social Work
Category: Homework
Satisfied Customers: 2786
Experience:  Master's Degree, strong math and writing skills, experience in one-on-one tutoring (college English)
Type Your Homework Question Here...
Chris M. is online now
A new question is answered every 9 seconds

the economy last year y 10000 c 6000 t 1500 g 1700 the

This answer was rated:

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?


You need to spend $3 to view this post. Add Funds to your account and buy credits.
Chris M. and 13 other Homework Specialists are ready to help you

Related Homework Questions