Answered: 23. Private savings is equal to: a.…

23. Private savings is equal to: a. disposable income less taxes. b. disposable income less consumption. c. wealth. d. wealth plus government transfer payments.

Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781305971509

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter13: Savings,investment And The Financial System

Section: Chapter Questions

Problem 3CQQ

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Question

23. Private savings is equal to:
a. disposable income less taxes.
b. disposable income less consumption.
c. wealth.
d. wealth plus government transfer payments.

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