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National Income Accounts (dollar figures are in billions)



Expenditures for consumer goods and services $ 8,800
Exports $ 3,500
Government purchases of goods and services $ 2,000
Social Security taxes $ 1,900
Net investment $ 4,100
Indirect business taxes $ 1,100
Imports $ 3,800
Gross investment $ 5,100
Corporate income taxes $ 2,300
Personal income taxes $ 1,300
Corporate retained earnings $ 700
Net foreign factor income $ 1,100
Government transfer payments to households $ 1,200
Net interest payments to households $ 800


(Table 5.4) The country's personal saving is

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Based on the National Income accounts given, the country's personal savings can be found to be $500 billion.

What are the personal savings?

This can be found as"

= Personal income - Consumption

Personal income is:

= GDP - depreciation + transfer payments to households + net interest + net foreign factor - indirect business tax - social security taxes - corporate tax - corporate retained earnings

= (8,800 + 2,000 + 5,100 + 3,500 - 3,800) - (5,100 gross investment - 4,100 net investment) + 1,200 + 800 - 1,100 - 1,900 - 2,300 - 700

= $10,600 billion

Consumption is:

= Expenditures for consumer goods and services + personal income taxes

= 8,800 + 1,300

= $10,100 billion

Personal savings are:

= 10,600 - 10,100

= $500 billion

Find out more on national savings at https://brainly.com/question/14521802.

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