Question: Define private saving. How is private saving used in the economy? What is the relationship between private saving and national saving?

Define private saving. How is private saving used in the economy? What is the relationship between private saving and national saving?

Step by Step Solution

★★★★★

3.41 Rating (164 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Private saving is private disposable income minus consumption Privat... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

797-B-E-M-E (7701).docx

120 KBs Word File

Students Have Also Explored These Related Economics Questions!

Q:

Define private saving, public saving, national saving, and investment. How are they related?

Q:

What is national saving? What is private saving? What is public saving? How are these three variables related?

Q:

Multiple Choice Questions 1. Nina wants to buy and operate an ice-cream truck but doesn't have the financial resources to start the business. She borrows $5,000 from her friend Max, to whom she...

Q:

Define private saving. How is private saving used in the economy? What is the relationship between private saving and national saving?

Q:

6. Define private saving. How is private saving used in the economy? What is the relationship between pri vate saving and national saving?

Q:

4. Starting from the National Income Identity, show the followings: a. National Saving composed of Private Saving and Public Saving. b. In the closed economy, national saving equals to national...

Q:

where r is the country's real interest rate, expressed as a percentage. Complete the following table by calculating private saving, public saving, national saving, investment, and the equilibrium...

Q:

1. A country's private savings equal 600 dollars, its government budget surplus equals 200 dollars, and its trade surplus equals 100 dollars. How much private investment is there in this economy?...

Q:

Final_Exam_Macro Question 1 (2 points) Purchasing-power panty theory does not hold at all times because many goods are not easily transported and the same goods produced in different countries may be...

Q:

Question 17 [From "Why not the Gold Standard. ]Which of the following statements is not consistent with the views of gold standard advocates? 1 Gold standard advocates believe that the world will be...

Q:

Explain the differences among the various types of tenancies of real property.

Q:

A fence consists of wooden posts and a steel cable fastened to each post and anchored in the ground at A and D. Knowing that the sum of the moments about the y axis of the forces exerted by the cable...

Q:

What is a key difference between the mortgage term and the amortization period in Canada? Question 3 options: The mortgage term refers to the total time it will take to pay off the mortgage, while...

Q:

You are the project manager for your organization. When it comes to integrated change control, you must ensure that which one of the following is present? A. Supporting detail for the change B....

Q:

PRINTER VERSION BACK NEXT Questions Paul White, the CFO of Crane Automotive, Inc., is putting together this year's financial statements. He has gathered the following balance sheet information: The...

Q:

8. Assume that a firm buys all the parts that it puts into a car for $9,000, pays its workers $7,000 to fabricate the car, but sells the car for $20,000. In this case, how much does the capital owned...

Q:

calculator functions please I have everything but must be entering something incorrectly Caspian Sea Drinks is considering the purchase of a new water filtration system produced by Rube Goldberg...