Posted: January 14th, 2016

In which of the following cases would it necessarily be true that national saving and private saving are equal for a closed economy?

. In which of the following cases would it necessarily be true that national saving and private saving are equal for a closed economy?

1. Private saving is equal to government expenditures.
2. Public saving is equal to investment.
3. After paying their taxes and paying for their consumption, households have nothing left.
4. The government’s tax revenue is equal to its expenditures