Where Y is GDP, C is consumption, I is investment, G is government spending, T is net taxes, and there is no international trade, private saving equals:
A)C + I + G - T.
B)Y - T - C.
C)Y -T - G.
D)Y - C - I.

Name: Where Y is GDP, C is consumption, I is investment, G is government spending, T is net taxes, and there is no international trade, private saving equals: A)C + I + G - T. B)Y - T - C. C)Y -T - G. D)Y - C - I.
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Question

Quizplus · Accepted Answer

In this closed economy, private saving equals GDP minus taxes minus consumption.

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