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

Question

Quizplus · Accepted Answer

Government savings is represented by the formula T - (G + TR). T stands for taxes collected by the government, G represents government spending, and TR represents transfer payments. So, when we subtract government spending and transfer payments from taxes collected, we get the total government savings.

Which of the Following Best Represents Government Saving