Essay
Using equations, show that saving must be equal to investment in the closed economy. Begin with the expression of total saving in the economy.
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Correct Answer:
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S = Sprivate + Spublic. (1)
Private saving is:
Sprivate = Y ...View Answer
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Correct Answer:
Verified
Private saving is:
Sprivate = Y ...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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