In a closed economy, the formula for private saving is: S_private = Y - C - T + TR

Name: In a closed economy, the formula for private saving is: S private = Y - C - T + TR
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Quizplus · Accepted Answer

The formula for private saving in a closed economy is indeed S_private = Y F1F1F1S1F1F1F10 C F1F1F1S1F1F1F10 T + TR, where Y represents income, C represents consumption, T represents taxes, and TR represents transfer payments.

In a Closed Economy, the Formula for Private Saving Is