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Brief Principles of Macroeconomics...

8th Edition
N. Gregory Mankiw
ISBN: 9781337091985

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BuyFindarrow_forward

Brief Principles of Macroeconomics...

8th Edition
N. Gregory Mankiw
ISBN: 9781337091985
Textbook Problem

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

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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