Which of the following expressions represents national saving in a closed economy?
A)Y - I - G - NX
B)Y - C - G
C)Y - I - C
D)G + C - Y

Name: Which of the following expressions represents national saving in a closed economy? A)Y - I - G - NX B)Y - C - G C)Y - I - C D)G + C - Y
Brand: Quizplus
Rating: 4.7 (37 reviews)

Question

Quizplus · Accepted Answer

In a closed economy, national saving is the portion of the national income (Y) that is not consumed (C) or spent by the government (G), hence Y - C - G.

Which of the Following Expressions Represents National Saving in a Closed