National saving is

A) the total income in the economy that remains after paying for consumption.
B) the total income in the economy that remains after paying for consumption and government purchases.
C) always greater than investment for a closed economy.
D) equal to private saving minus public saving.

National Saving

The total amount of savings in a country, equal to the sum of private and public savings, representing the portion of national income not used for consumption or government spending.

Consumption

Consumption involves the use of goods and services by households, constituting one of the main components of aggregate demand in an economy.

Government Purchases

Spending by the government on goods and services that are included in the calculation of the country's gross domestic product.