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Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

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BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

If a country is running a government budget surplus, why is (T - G) on the left side of the saving-investment identity?

To determine

The reason for presenting (T-G) on the left side of savings investment identity is to be determined.

Explanation

In the financial capital market, supply of financial capital is equal to demand of financial capital. Where supply consists of savings , trade deficit (imports(M)-exports(X))which is capital inflow from outside, government spending(G) ,taxes(T) which is T-G means taxes are more than government spending an...

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