Also, national saving is the income of the nation that is left after paying. Therefore, national saving (S) is defined as National saving is the nation's income that is left after paying for current consumption and government purchases, that is: S = Y-C-G
How is national wealth linked to national saving?
The difference between private national wealth and government wealth is known as national saving. A nation's physical assets domestically plus its net overseas assets make up its national wealth.
Why is saving important to the economy?
All other things being equal, a higher personal saving rate will eventually translate into a larger level of physical capital, enabling the economy to create more goods and services. Personal saving also adds to investment.
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