Saving, Investment, and the Financial System 2

Saving, Investment, and the Financial System 2 - 2 Saving...

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Unformatted text preview: 2. Saving and inveslment in file nafional income accounls The following table contains data for a hypothetical closed economy:r that use; the dollar as its currency. Suppose GDP in this country J's $1,540 rnflhbn. Enter the amount for cansurnpthn. Value Nafional Income Account (Wilkins afdoflars) Government Purchases (G) 350 Consumption (C) NO I ".arnpiete the fatfawmg tabie by using nationa! moarne muntmg kientitwes to .kmate nationa! saving. In your .kmatmns, use data horn the preceding abie. National Saving (5) Y-C-Gwl l «f 5490 Jnillim Complete the following table by using national income accounting identifies to .lcuhte private andpubiic saving. In your .lcubtions, use M? from the mitial table. PrivateSaving = Y-C-Tur = $385 a! rrillion Public Saving = T - G I = $105 a! trillion Based on yourcalculatinns, the gummment is running a budget surplus f . ...
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  • Spring '09
  • NERVO
  • Purchasing Power Parity, gross domestic product, Measures of national income and output, ECON-2301, abie. National Saving, file nafional income, private andpubiic saving

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