(Answered) Public and private savings

Economics

Problem: 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. Explain your answer and provide examples.

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Macroeconomics, Economics

Category:- Macroeconomics
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