Question

Government affects national saving through public saving. When its spending exceeds its revenue, the government runs a budget deficit, which represents positive public saving. O a. True O b. False

Name: government affects national saving through public saving when its spending exceeds its revenue the government runs a budget deficit which represents positive public saving o a true o b false 29407
Uploaded: 2024-09-04T18:47:38-08:00
Duration: 1 min 16 s
Channel: Donna Densmore
Description: government affects national saving through public saving when its spending exceeds its revenue the government runs a budget deficit which represents positive public saving o a true o b false 29407

          Government affects national saving through public saving. When its spending exceeds its revenue, the government runs a budget deficit, which represents positive public saving.
O a. True
O b. False

government affects national saving through public saving when its spending exceeds its revenue the government runs a budget deficit which represents positive public saving o a true o b false 29407

Added by Kristina B.

Principles of Economics

Gregory Mankiw 8th Edition

Instant Answer

Solved by Expert Donna Densmore

09/04/2024

Step 1

A budget deficit occurs when government spending exceeds its revenue. Public saving is the difference between government revenue and government spending. When spending exceeds revenue, the difference is negative, meaning there is negative public saving. Therefore, Show more…

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Government affects national saving through public saving. When its spending exceeds its revenue, the government runs a budget deficit, which represents positive public saving. O a. True O b. False