Which of the following represents total saving for an economy?

Question

Quizplus · Accepted Answer

Total saving for an economy includes both private saving and public saving. Private saving represents the saving done by individuals and businesses, while public saving represents the saving done by the government. The sum of both represents the total saving for the economy. Option A only includes private saving and fixed investment, which is not the total saving. Option B includes private saving and consumption, which does not represent the total saving as consumption is a part of total output. Option D represents the budget surplus, which is not the same as total saving as it only represents the excess of government revenue over expenses. Option E represents the total of government revenue and expenses, which is not the same as total saving.

Which of the Following Represents Total Saving for an Economy