National output: $200000,Taxes: $10000,Consumption: $6000,Government Expenditures: $2000,Find Private Savings and Public Savings

The question is asking for the values of private savings and public savings.

Private savings can be calculated using the formula:

Private Savings = National Output - Taxes - Consumption

Substituting the given values into the formula:

Private Savings = $200000 -$10000 - $6000 =$184000

Public savings can be calculated using the formula:

Public Savings = Taxes - Government Expenditures

Substituting the given values into the formula:

Public Savings = $10000 -$2000 = $8000

So, the private savings is $184000 and the public savings is$8000.

Private savings (S_private) is calculated as the difference between after-tax income and consumption. After-tax income is the total output (Y) minus taxes (T).

So, the formula for private savings is:

S_private = (Y - T) - C

Substituting the given values into the formula:

S_private = (200000 - 10000) - 6000 S_private = 190000 - 6000 S_private = 184000

Public savings (S_public) is calculated as the difference between taxes (T) and government expenditures (G).

So, the formula for public savings is:

S_public = T - G

Substituting the given values into the formula:

S_public = 10000 - 2000 S_public = 8000

So, the level of private savings is $184,000 and the level of public savings is$8,000.