Assume an open economy with government (with no transfers). Using the information below, calculate the public savings for this economy. Note: If your answer is 10 million, type in 10. If your answer is -10 million, type in -10.    I = $120 million Y = $330 million C = $40 million T = $110 million Net Capital Inflow (NCI) = $60 million

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Public Saving

Public saving deals with the amount which has been in excess after meeting all the obligatory expenses and investment of the government. Taxes are collected by the government to meet its day-to-day expenditures. The obligatory expenses include all those expenses which are mandatory for the government. It cannot be avoided as it is inevitable.