Consider the expressions T-G and Y-T-C. Which of the following statements is correct? Each one of these is equal to national saving. Each one of these is equal to public saving. The first of these is private saving; the second one is public saving. The first of these is public saving; the second one is private saving.

Microeconomics
13th Edition
ISBN:9781337617406
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter16: Interest, Rent, And Profit
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Consider the expressions T-G and Y-T-C. Which of the following statements is correct?
Each one of these is equal to national saving.
Each one of these is equal to public saving.
The first of these is private saving; the second one is public saving.
The first of these is public saving; the second one is private saving.
Transcribed Image Text:Consider the expressions T-G and Y-T-C. Which of the following statements is correct? Each one of these is equal to national saving. Each one of these is equal to public saving. The first of these is private saving; the second one is public saving. The first of these is public saving; the second one is private saving.
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