Which of the Following Statements Is Correct

question 125

Multiple Choice

Which of the following statements is correct?

• A)The total income minus consumption and government purchases is called private saving.
• B)The sum of private saving and national saving is called public saving.
• C)For a closed economy, the sum of consumption, national saving, and taxes must equal GDP.
• D)For a closed economy, the sum of private saving and public saving must equal investment.