Private savings is equal to:___________

Home Work Help
1

  1. Private savings is equal to:
    A. Income less consumption
    B. Taxes less government spending on goods and services
    C. The total amount of savings accounts plus stocks plus bonds owned by households
    D. Income plus investment

  2. The relationship between the government’s budget deficit and its spending is:
    A. Budget deficit = tax revenues + transfer payments
    B. Government spending = private savings + budget deficit
    C. Tax revenues = national savings + budget deficit
    D. Budget deficit = government spending - tax revenues