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Principles of Macroeconomics (Mind...

7th Edition
N. Gregory Mankiw
Publisher: Cengage Learning
ISBN: 9781285165912

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BuyFindarrow_forward

Principles of Macroeconomics (Mind...

7th Edition
N. Gregory Mankiw
Publisher: Cengage Learning
ISBN: 9781285165912
Chapter 13, Problem 4QR
Textbook Problem
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What is investment? How is it related to national saving in a closed economy?

To determine
The Investment and its relation to National savings 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...

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