Principles of Macroeconomics 7th Edition

Published by South-Western College
ISBN 10: 1-28516-591-8
ISBN 13: 978-1-28516-591-2

Chapter 13 - Saving, Investment, and the Financial System - Questions For Review: 3

Answer

National savings is the money that is not spent on consumer purchases or government purchases. Private savings is amount of money that a household will not spend after paying taxes and their private consumption costs. Public saving is the amount of tax revenue government has left after paying for its spending costs.

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