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23 July, 15:39

Which of the following equals the amount of public saving?

A. The sum of government purchases and government tax revenue, minus transfer payments to households.

B. Government tax revenue minus the sum of government purchases and transfer payments to households.

C. The sum of government tax revenue, government purchases, and government transfer payments to households.

D. Government transfer payments to household minus the sum of government tax revenue and government purchases.

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  1. 23 July, 18:39
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    Government tax revenue minus the sum of government purchases and transfer payments to households.

    Explanation:

    Public saving, otherwise called the budget surplus, is the term (T - G - TR), which is government income through taxes, minus government consumptions on products and enterprises, minus transfers.
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