Principles of Economics, 7th Edition (MindTap Course List)
7th Edition
ISBN: 9781285165875
Author: N. Gregory Mankiw
Publisher: Cengage Learning
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Chapter 26, Problem 3QR
To determine
The private savings, public savings and the national savings.
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What is national saving? What is privet saving ?what is public saving? How are these three variables related?
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How does a decrease in the tax rate on income earned on saving affect saving, investment, the interest rate, and economic growth?
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Principles of Economics, 7th Edition (MindTap Course List)
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- What are three sources of saving that can be used to fnance investment?arrow_forwardsuppose that in a closed economy GDP is equal to 22,000, taxes are equal to 7000, consumption is equal to 13,000, and government expenditures are equal to 4000. What is private saving?arrow_forwardWhich of the following would be classified as private investment? a. An individual’s purchase of a used car b. A family’s purchase of groceries c. A family’s purchase of a new car d. An individual’s purchase of a General Electric bond e. A family’s purchase of a newly built homearrow_forward
- Briefly discuss THREE economic policies that encourages household savings.arrow_forwardClassify each of the following based on the macroeconomic definitions of saving and investment. Saving Investment Neha borrows money to build a new lab for her engineering firm. Teresa purchases stock in Pherk, a pharmaceutical company. Sam purchases a new condominium in San Francisco. Lorenzo purchases a certificate of deposit at his bank.arrow_forwardThe following national accounting data are available for an economy for 2020. GDP Household Consumption Government Consumption Government Investment Direct and Indirect Taxes Subsidies by government Government Transfer Payments Government Interest Payments Retained Earnings Net Exports What is the level of national saving in this economy? Select one: a. 190 b. 150 c. 200 d. 250 e. 210 $ Billion 950 650 150 0 170 20 30 10 0 0arrow_forward
- If taxes are reduced , will most people save more or less than before ? Does national saving rise or fall? Explain .arrow_forwardHow do the sophisticated financial systems of modern economies affect the relationship between saving and investment?arrow_forwardA friend asks you to explain the difference between saving and investment. Explain the difference.arrow_forward
- The table below shows aggregate values for a hypothetical economy. Suppose this economy has real GDP equal to potential output. Potential GDP $14 000 Government purchases $2100 Investment $300 Consumption $10 000 Net tax revenues $2000 Refering to the table above, what is th eprivate saving for this economy?arrow_forwardA closed economy has income of $1000, government spending of $200, taxes of $150, and investment of $250. What is private saving?arrow_forwardWhat are the contributing factors that contribute to the successful investment companies in the investment market.arrow_forward
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