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.
The United States of America (USA), commonly referred to as the United States (U.S.) or America, is a federal republic composed of 50 states, a federal district, five major territories and various possessions. The 48 contiguous states and Washington, D.C. , are in central North America between Canada and Mexico.he United States is the largest importer of goods and second largest exporter, though exports per capita are relatively low. In 2010, the total U.S. trade deficit was $635 billion. Canada, China, Mexico, Japan, and Germany are its top trading partners.