Which of the following best represents total saving?
A) T - (G + TR)
B) (Y - TR) + I
C) (Y - C - G - NX)
D) (Y + TR - T) + C

Name: Which of the following best represents total saving? A) T - (G + TR) B) (Y - TR) + I C) (Y - C - G - NX) D) (Y + TR - T) + C
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Question

Quizplus · Accepted Answer

Total saving represents the amount of income (Y) that is not consumed (C), not used for government spending (G), and not sent abroad for net exports (NX). Therefore, the formula for total saving is (Y - C - G - NX).

Which of the Following Best Represents Total Saving