where y is gdp, c is consumption, i is investment, g is government spending, and there is no international trade, national saving equals:

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10-11-2022
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where y is gdp, c is consumption, i is investment, g is government spending, and there is no international trade, national saving equals:

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Qwrat Qwrat · Answer 1 · 2022-11-15T13:26:15+01:00

National saving equals: Y - C - G when Y is GDP, C is consumption, I is investment, and G is government spending and there is no international trade.

In a closed economy, national savings (NS) equals the sum of private and public saves, or GDP - C - G.

The government budget deficit is equal to G - T in cases where Y is GDP, C is consumption, I is investment, G is government expenditure, T is net taxes, and there is no international trade. When there is a surplus in the government budget, public saving is beneficial.

In economics, the total of a nation's private and public savings is its national saving. It is the same as a country's income less its government and consumer spending.