Classify each of the following based on the macroeconomic definitions of saving and investment. Edison buys a government bond. Maria purchases stock in Pherk, a pharmaceutical company. Hilary purchases new ovens for her cupcake-baking business. Kevin takes out a mortgage for a new home in Detroit. Saving O Investment O O O

Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter8: Savings,investment And The Financial System
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3. The meaning of saving and investment
Classify each of the following based on the macroeconomic definitions of saving and investment.
Saving Investment
Edison buys a government bond.
Maria purchases stock in Pherk, a pharmaceutical company.
Hilary purchases new ovens for her cupcake-baking business.
Kevin takes out a mortgage for a new home in Detroit.
Transcribed Image Text:3. The meaning of saving and investment Classify each of the following based on the macroeconomic definitions of saving and investment. Saving Investment Edison buys a government bond. Maria purchases stock in Pherk, a pharmaceutical company. Hilary purchases new ovens for her cupcake-baking business. Kevin takes out a mortgage for a new home in Detroit.
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