CONCEPTS IN FED.TAX.,2020-W/ACCESS
20th Edition
ISBN: 9780357110362
Author: Murphy
Publisher: CENGAGE L
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Transcribed Image Text:IF THE GOVERNMENT COLLECTS MORE IN TAX REVENUE THAN IT SPENDS,
AND HOUSEHOLDS CONSUME MORE THAN THEY GET IN AFTER-TAX INCOME:
A. PRIVATE AND PUBLIC SAVING ARE BOTH POSITIVE.
B. PRIVATE AND PUBLIC SAVING ARE BOTH NEGATIVE.
C. PRIVATE SAVING IS NEGATIVE, BUT PUBLIC SAVING IS POSITIVE.
D. PRIVATE SAVING IS POSITIVE, BUT PUBLIC SAVING IS NEGATIVE.
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