Which expression represents national saving in a closed economy?
A) Y - I - G - NX
B) Y - C - G
C) Y - I - C
D) G + C - Y

Question

Quizplus · Accepted Answer

National saving in a closed economy is represented by the formula Y - C - G, where Y is national income, C is consumption, and G is government spending. This formula captures the total income in the economy that is not consumed or spent by the government, thus available for saving.

Which Expression Represents National Saving in a Closed Economy