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Essentials of Economics 7th Edition by Gregory Mankiw
Edition 7ISBN: 978-1285165950Essentials of Economics 7th Edition by Gregory Mankiw
Edition 7ISBN: 978-1285165950 Exercise 19
Explain the difference between saving and investment as defined by a macroeconomist. Which of the following situations represent investment? Saving? Explain.
a. Your family takes out a mortgage and buys a new house.
b. You use your $200 paycheck to buy stock in AT T.
c. Your roommate earns $100 and deposits it in his account at a bank.
d. You borrow $1,000 from a bank to buy a car to use in your pizza delivery business.
a. Your family takes out a mortgage and buys a new house.
b. You use your $200 paycheck to buy stock in AT T.
c. Your roommate earns $100 and deposits it in his account at a bank.
d. You borrow $1,000 from a bank to buy a car to use in your pizza delivery business.
Explanation
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a) When my family takes out a mortgage a...
Essentials of Economics 7th Edition by Gregory Mankiw
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