National savings is equal to the sum of private savings and


National savings is equal to the sum of private savings and public savings. To make our notation a bit easier, we will call national savings S, private savings V, and public savings U. So in other words,

S = V + U.

If private savings 'V' = 0.75S and total savings 'S' equals $4.20 billion, solve for public and private savings.

Public savings: $

Private savings: $

Request for Solution File

Ask an Expert for Answer!!
Business Economics: National savings is equal to the sum of private savings and
Reference No:- TGS01299731

Expected delivery within 24 Hours