National savings is equal to the sum of private savings and public savings. To make our notation a bit easier, we will call national savings S, private savings V, and public savings U. So in other words, S=V +U. If private savings 'V = 0.75S and total savings 'S' equals $4.20 billion, solve for public and private savings. Public savings: $ billion Private savings: $ billion

National savings is equal to the sum of private savings and public savings. To make our notation a bit easier, we will call national savings S, private savings V, and public savings U. So in other words, S=V +U. If private savings 'V = 0.75S and total savings 'S' equals $4.20 billion, solve for public and private savings. Public savings: $ billion Private savings: $ billion

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter19: The Keynesian Model In Action

Section: Chapter Questions

Problem 3SQ

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