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Q: In closed economy national savings equal?
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What does national savings refer to in reference to economics?

In economics, a country's national savings is the sum of private and public savings. It is usually equal to a nation's income minus consumption and government purchases.


What is an IS curve?

It is the locus of combinations of the interest rate and the level of real national income for which desired aggregate expenditure equals actual national income.So called because, in a closed economy with no government, it also reflects the combinations of the interest rate and national income for which investment equals saving, I=S. In general, it reflects points for which injections equal withdrawals.


What is IS curve?

It is the locus of combinations of the interest rate and the level of real national income for which desired aggregate expenditure equals actual national income.So called because, in a closed economy with no government, it also reflects the combinations of the interest rate and national income for which investment equals saving, I=S. In general, it reflects points for which injections equal withdrawals.


Is private saving plus public saving equal to national savings?

yes it does: National Saving or Saving is equal to: Y - C - G = I = S or S = (Y-T-C) + (T-G) where "T" = taxes net of transfers


Is the dot closed or open in greater than or equal to?

Closed. Open means it does not equal to...


Why must saving equal planned investment at equilibrium GDP in the private closed economy?

Saving must equal planned investment at equilibrium GDP in the private closed economy because leaking of saving that exceeds the injection of investment causes a level of GDP that cannot be sustained. Having a leaking of saving that is lower than the injection of investment causes the GDP to drive upward. In either case is bad to not have them at equilibrium.


Why is it that saving is equal to investment?

Savings must equal investment because by definition loans (investment that the banks make are taken from savings (bank accounts) from people.


Does consumption equal disposable income plus savings?

no. however, disposable income minus consumptions equals savings


What closed figure makes up four equal angles?

what closed figure made up of four equal angles could be a


Is disposible income equal to consumption plus savings?

all of the time


Is South Africa economy equal to turkey?

The economy of South Africa is actually stronger than Turkey rather than equal to Turkey.


How do you know whether to use an open circle or a closed circle when graphing an inequality?

If the inequality is > or< then it is an open circle. If it is greater than or equal to or less than or equal to, it is a closed circle.