Once more, please consider a closed economy where total output (income) is $500,000. Households spend $300,000 on non-home goods and services, and the government collects $50,000 in taxes and spends $40,000, $10,000 of which goes toward a Welfare program. There is also some amount of business spending on inventories and productive assets. Calculate this economy's private savings.For the last two questions, consider a closed economy where total output (income) is $500,000. Households spend $300,000 on non-home goods and services, and the government collects $50.000 in taxes and spends $40,000, $10,000 of which goes toward a Welfare program. There is also some amount of business spending on inventories and productive assets. Calculate this economy's total savings