The aggregate income in a country is $100 billion, aggregate private consumption is $60 billion, and total

Fantastic news! We've Found the answer you've been seeking!

Question:

The aggregate income in a country is $100 billion, aggregate private consumption is $60 billion, and total tax payment is $20 billion.

How much does the private sector save in this economy?

How do you calculate it?

Posted Date: Jun 23, 2024 09:01 AM

See More Questions

What federal act prohibits discrimination based on age? LO4
Transaction Analysis Pollys Cards & Gifts Shop had the following transactions during the year: a. Pollys purchased inventory on account from a supplier for $8,000. Assume that Pollys uses a periodic...
8. Jean & Joan Cosmetics has a complete line of beauty products for women and maintains a computerized inventory system. An eight-digit product number identifies inventory items, of which the first...
Suppose your indifference curves are flatter than your budget line, as described in part (d). As functions of a, c, px, py , and I, write your demand for good x (i.e., the quantity of x in your...
1. If you deposit P3,650 in an account paying 11.8% interest compounded quarterly, how much will be in the account at the end of 7 years? 2.If I save P 2,400 today bank account with 9.2% interest,...
3. Hot oil at 100C is used to heat air in a shell-and-tube heat exchanger. The oil makes six tube passes, and the air makes one shell pass; 2.0 kg/s of air (Cp=1009 J/kgC) are to be heated from 20 to...
The Kohler Chemical Manufacturing Company produces two primary chemical products to be used as base ingredients for a variety of products. The 2016 budget for the two products (in thousands) was as...
Write a C program that reads ten floating-point numbers. The program should count and print on the screen total number of positive and negative values among these ten inputs. Output example: Enter...
Oliver doesn't want any part of this. But the lady is leaving and he has her money. Plus, she said they'd be watching and Oliver wonders if he is in danger. "Who is that lady, anyway, and who is the...
Complete the following analysis of cost alternatives and select the preferred alternative. The study period is 10 years and the MARR =15% per year. "Do Nothing" is not an option. A B C D Capital...

The aggregate income in a country is $100 billion, aggregate private consumption is $60 billion, and total

Question:

Expert Answer:

Students also viewed these economics questions