If an economy is closed and if it has no government, then
A)national saving = private saving.
B)total income = consumption + investment.
C)saving = total income - consumption.
D)All of the above are correct.

Question

Quizplus · Accepted Answer

In a closed economy with no government, national saving equals private saving, total income equals consumption plus investment, and saving is defined as total income minus consumption.

If an Economy Is Closed and If It Has No