Suppose a closed economy had public saving of -$1 trillion and private saving of $3 trillion. What

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Suppose a closed economy had public saving of -$1 trillion and private saving of $3 trillion. What are national saving and investment for this country?

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Macroeconomics

ISBN: 9780132109994

1st Edition

Authors: Glenn Hubbard, Anthony Patrick O'Brien, Matthew P Rafferty

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Posted Date: Nov 20, 2023 10:59 PM

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Suppose a closed economy had public saving of -$1 trillion and private saving of $3 trillion. What

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Public saving is the governments budget surpluswhich is the amount of money the government saves by collecting more in taxes than it spendsIn this casethe public saving is 1 trillionwhich means that t... View the full answer

Macroeconomics

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