Ask Question
19 February, 23:37

According to the definitions of national saving and public saving, if Y, C, and G remained the same, an increase in taxes would

+4
Answers (1)
  1. 19 February, 23:52
    0
    An increase in tax would leave national saving unchanged and raise public saving.

    Explanation:

    If we recall both the definition of national saving saving and public savings, we have,

    National Saving: The total sum of money saved by the government with the total sum saved by the private sector. It should be noted that this is excluding of government spending.

    Public Savings: This can be categorized as revenue or savings raised by the government through tax and other sectors under the government control. This also exclude government spending.

    So referring back to the question, an increase in tax will make national saving the same and will increase public savings.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “According to the definitions of national saving and public saving, if Y, C, and G remained the same, an increase in taxes would ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers