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's long and complex relationship with the United States has had a significant impact on its economy and culture. Canada is a developed country and one of the wealthiest in the world, with the tenth highest nominal per capita income globally, and the eighth highest ranking in the Human Development Index.anada stretches from the Atlantic Ocean in the east to the Pacific Ocean in the west; to the north lies the Arctic Ocean. Greenland is to the northeast. By total area (including its waters), Canada is the second-largest country in the world, after Russia.