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.
North America. The landmass occupied by the present-day countries of Canada, the United States, and the Republic of Mexico make up North America. Greenland (Kalaallit Nunaat), an island landmass to the northeast of Canada, is also included in North America, for it has been attached to Canada for almost two billion years.