National savings is equal to the sum of private savings and, Ask an Expert

Economics

National savings is equal to the sum of private savings and public savings. To make our notation a bit easier, we will call national savings S, private savings V, and public savings U. So in other words,

S = V + U.

If private savings 'V' = 0.75S and total savings 'S' equals $4.20 billion, solve for public and private savings.

Public savings: $

Private savings: $

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91704216

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