In this simple economic model with a closed economy there are three uses for GDP, (the goods and services it produces in a year). If Y is national income (GDP), then the three uses of C consumption, I investment, and G government purchases can be expressed as:National savings can be thought of as the amount of remaining money that is not consumed, or spent by government.ational savings should be split into private savings and public savings. A new term, T is taxes paid by consumers that goes directly to the government as shown here: (Y-T) is disposable income. (Y-T) less consumption (C) is private savings.
Canada is not part of the USA but Canada has border with the United States; however, Canada is a total different country with its own regulations.
Canada is located in the northern-most region of North America. Its southern territories run along the northern border of the continental United States. Canada is one of the largest countries in the world, second only to Russia in territorial size.or its size, Canada has a small population. Although physically it is the second-largest country in the world, its population was only 31,281,092, according to a July 2000 estimate, or just under one-tenth the size of that of the United States.