Saving and the Current Account National saving (S)=national income (Y)that is not spent on consumption (C)or government purchases (G). S=Y-C-G S=(Y-C-)+(T-G) S=SP Sg 13-13 Copyright2012 Pearson Education.All rights reserved.Copyright © 2012 Pearson Education. All rights reserved. 13-13 Saving and the Current Account • National saving (S) = national income (Y) that is not spent on consumption (C) or government purchases (G). S = Y – C – G S = (Y – C – T) + (T – G) S = Sp + Sg