Examlex
Which of the following statements is incorrect?
Public Saving
The difference between a government's total revenue and its total expenditures, reflecting the surplus or deficit in the public sector's budget.
Private Saving
Private saving is the portion of households' and businesses' income that is not spent on consumption or paying taxes, and is instead saved for future use.
National Saving
The total saving of an economy, consisting of both private saving (by households and businesses) and public saving (government surplus).
Private Saving
The portion of households' income that is not used for consumption or paying taxes, but instead is saved.
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