National Savings

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In economics, a country’s national savings is the sum of private and public savings. It is generally equal to a nation’s income minus consumption and government purchases.In this simple economic closed economy model there are three uses for GDP, (the goods and services it produces in a year). If Y is national income (GDP), then the three uses of C consumption, I investment, and G government purchases can be expressed as:

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Beschrijving

In economics, a country’s national savings is the sum of private and public savings. It is generally equal to a nation’s income minus consumption and government purchases.In this simple economic closed economy model there are three uses for GDP, (the goods and services it produces in a year). If Y is national income (GDP), then the three uses of C consumption, I investment, and G government purchases can be expressed as: