Where Y is GDP, C is consumption, I is investment and G is government spending, if there is no international trade, then national saving equals:
A)C + I + G
B)Y - C - G
C)Y + C + G
D)Y - C - I

Question

Quizplus · Accepted Answer

National saving in an economy without international trade is equal to the total output (GDP, Y) minus consumption (C) and government spending (G), which is represented by the formula Y - C - G.

Where Y Is GDP, C Is Consumption, I Is Investment