Please give a detailed answer below and make sure the answer is correct. 3. The meaning of saving and investmentClassify each of the following based on the macroeconomic definitions of saving and investment.Saving InvestmentEleanor purchases stock in NanoSpeck, a biotech firm.Darnell purchases a new condominium in Denver.Beth buys new bulldozers for her construction firm.Andrew buys a government bond.

Savings means to save from money from the earning which is used in future purpose. Investment means…

Answered: Eleanor purchases stock in NanoSpeck, a…

Eleanor purchases stock in NanoSpeck, a biotech firm. Darnell purchases a new condominium in Denver. Beth buys new bulldozers for her construction firm. Andrew buys a government bond.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Please give a detailed answer below and make sure the answer is correct.

3. The meaning of saving and investment
Classify each of the following based on the macroeconomic definitions of saving and investment.
Saving Investment
Eleanor purchases stock in NanoSpeck, a biotech firm.
Darnell purchases a new condominium in Denver.
Beth buys new bulldozers for her construction firm.
Andrew buys a government bond.

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