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i Chrome File Edit View History Bookmarks People Window Help 64% E, Mon 7:33 PM . ;" Q ECO 2013 Flashcards Q × Q Macro 6 Flas cards| Qu . syllabus for ECON175 3 X Principles of Macroecon X Quiz: Chapter 6 Quiz x × myChart Login Page x C secure https://coastdistrict.instructure.com/courses/39744/quizzes/122104/take/questions/2331896 Question 6 1 pts Grades Question 8 LI Exhibit 18-4 Time Running: Hide Attempt due: Jan 15 at 8:13pm 39 Minutes, 43 Seconds Total Spending (billions of dollars) 2015 3.906 737 1,099 20 2016 4,140 797 1,132 30 Reference: Ref 6-2 According to the data in Exhibit 18-4, 2015 national saving equaled-…" O Not enough information is given. $1,079 billion O $737 billion $1,816 billion O$717 billion Previous Next

Explanation / Answer

The right answer is option 5. $717 billion.

Explanation:

Total Income (Y) = Consumpiton (C) + Investment (I) + Government Spending (G) + Next Export (X)

Private savings (Sp)= Income (Y) Consumption (C) Taxes (T) = Y - C - T

Public saving (Sg) = Taxes (T) - Government Expenses (G) = T- G

Total Savings = Public Savings + Private Savings = (T - G) + (Y - C - T) = T - G + Y - C - T = Y - G - C = (C + I + G + X) - G - C = I + X = 737 + (-20) = 737 - 20 = $717 billion

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