Lecture 3 16

Lecture 3 16 - S = I Savings = Investment S – I = (G-T) +...

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A3: No Government and No International Trade? Recall the national income identity we discussed in the previous lecture: Under these assumptions, we have:
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Unformatted text preview: S = I Savings = Investment S – I = (G-T) + NX Savings – Investment = Budget Deficit + Net Exports...
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This note was uploaded on 04/03/2011 for the course ECON 2021 taught by Professor Mok during the Spring '11 term at HKU.

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