00:01
So here we have some discussion about savings, right? and we need to think about which of these is false.
00:08
The first one is saying that government saving, right, or what i'm going to call public saving, is equal to taxes minus government purchases.
00:18
This is absolutely correct, right? the public savings is equal to what the government brings in minus what the government spends.
00:27
Absolutely.
00:29
B, it looks like this is private savings, is equal to y minus t minus c.
00:37
This is again exactly correct, right? so this is the income, this is the spending, and the difference between income and spending is savings.
00:49
Same for private individuals...