00:01
Right here we have this information of an open economy with the gdp of 3 ,000, the consumption, the purchases, the taxes, the interest, the exports, the imports, and all the rest.
00:10
And what we're looking for are the national savings.
00:13
So the national savings is going to be the sum.
00:18
Oops, not savings, but savings.
00:20
There we go.
00:21
That's going to be the sum of the private and public savings.
00:24
Now, we've done these in other videos, but i'll go through them anyway.
00:28
Again the private savings is going to be equal to the gdp minus the net taxes minus the consumption and we found that the gdp was 3 ,000 the net savings was 100 and then the consumption was 1500 so we were left with public savings or private savings excuse me of 1400 so this is one of the things that will be summing and then the next thing is the public savings...