In each part that follows, use the economic data given to find national saving, private saving, public saving, and the national saving rate.
a. Household saving = 200 Business saving = 400 Government purchases of goods and services =100 Government transfers and interest payments = 100 Tax collections =150 GDP = 2,200
b. GDP = 6,000 Tax collections = 1,200 Government transfers and interest payments = 400 Consumption expenditures = 4,500 Government budget surplus = 100
c. Consumption expenditures = 4,000 Investment = 1,000 Government purchases = 1,000 Net exports = 0
Tax collections = 1,500
Government transfers and interest payments = 500