National savings in a closed economy is all of the following except: A) the sum of private savings plus the government budget balance. B) the total savings generated within the economy. C) GDP - C - G. D) government spending less consumption.
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This includes savings from income that is not spent on consumption. The government budget balance refers to the difference between government revenue and government spending. If the government revenue exceeds government spending, there is a budget surplus, which Show more…
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