In the equation (Y - T - C)+ (T - G)+ (IM - EX)= I,the term (Y - T - C)is __________ and (T - G)is __________.
A)aggregate saving;tax revenues
B)private saving;government saving
C)foreign saving;private saving
D)the government debt;investment
E)the trade balance;the financial account

Question

Quizplus · Accepted Answer

The term (Y - T - C) represents private saving, which is the income left after consumption and taxes. The term (T - G) represents government saving, which is the difference between tax revenues and government spending.

In the Equation (Y - T - C)+ (T -