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What is investment? How is it related to national saving in a closed economy?
Principles of Macroeconomics (Mind...
Principles of Macroeconomics (Mind...
What is investment? How is it related to national saving in a closed economy?
Explanation of Solution
The National savings is the summation of the Private savings of the individuals and the Government savings of the state and the Investment is an asset or an item purchased today with a hope that it will generate income in the future...
Chapter 13 Solutions
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