Unformatted text preview: StandardofLiving=Productivity=Output/LaborInput-(RGDP/LaborHours) GovtPolicies-domestic saving/investment from abroad/education&training/new tech/free trade Investment direct connect to growth/easier to start poor/catchup affect (diminishing return) 13Financial institutions coordinating savers and borrowers- bonds/stocks/banks/insurance/pension/mutual (Matching borrowers and savers)/saving=investment/market for loanable funds/tax reduction ^/government deficit v/budget surplus ^/ section on borrowing and lending and etc etc…...
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This note was uploaded on 04/17/2008 for the course ACG 2021 taught by Professor Hornik during the Spring '08 term at University of Central Florida.
- Spring '08
- Financial Accounting