Using the information given below for the fictitious country "Alpha," find the national saving rate. ...
Using the information given below for the fictitious country "Alpha," find the national saving rate.
Household saving = 120 Business saving = 390
Government purchases of goods and
services = 220
Government transfers and interest
payments = 100
Tax collections = 300
GDP = 2,500
I know that national savings is 510, I just can't get the national saving rate.
Homework Answers
Public saving = tax collections – government purchases – transfers and interest payments
=300-220-100
= -20
Private saving = Household saving + business saving
= 120+390
= 510
National saving = Private saving + public saving
= 510+(-20)
= 490
National saving rate = National saving/GDP*100
= 490/2500*100
= 19.6%
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