In a closed economy,public saving is equal to which of the following? (Y = GDP,C = Consumption,G = Government purchases,T = Taxes,and TR = Transfers)

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Public saving in a closed economy is defined as the difference between what the government collects in taxes (T) and what it spends on purchases (G) and transfers (TR). Therefore, the correct formula for public saving is T - G - TR.

In a Closed Economy,public Saving Is Equal to Which of the Following