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From the data provided below, answer the following questions (B1, C2) 24 33 Export Import Personal consumption expenditures Government expenditure on goods and services Net investment 1618 1342 837 Taxes 439 4% 2% 4% Fractional Unemployment rate Structural Unemployment rate Cyclical unemployment rate Reserve Ratio Deposit at Banks Depreciation 24% 814 358 What is the value of private and households saving? Answer:
From the data provided below, answer the following questions (B1, C2) 24 33 Export Import Personal consumption expenditures Government expenditure on goods and services Net investment 1618 1342 837 Taxes 439 4% 2% 4% Fractional Unemployment rate Structural Unemployment rate Cyclical unemployment rate Reserve Ratio Deposit at Banks Depreciation 24% 814 358 What is the value of private and households saving? Answer:
Expert Solution
Private saving is the sum of saving by the private (financial and non-financial) corporation and household sectors. It is calculated as;
Private saving = Disposable Income - Consumption
Private saving = Yd - C
Disposable Income = Income - Taxes
Yd = Y - T
Income level is calculated as;
Y = C + I + G + (X-M)
= 1618 + 837 + 1342 + 24 - 33
Y = 3788
Yd = 3788 - 439
Yd = 3349
So,
Private saving = 3349 - 1618
Private saving = 1731
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