Principles of Economics, 7th Edition (MindTap Course List)
7th Edition
ISBN: 9781285165875
Author: N. Gregory Mankiw
Publisher: Cengage Learning
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Chapter 26.2, Problem 2QQ
To determine
The private savings, public savings and the national savings.
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Distinguish between saving and investment.
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Principles of Economics, 7th Edition (MindTap Course List)
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- Explain why is it difficult to set aside funds for investment when you are in poverty.arrow_forwardHow do the sophisticated financial systems of modern economies affect the relationship between saving and investment?arrow_forwardWhat are the keyword that contrast savings and investment?arrow_forward
- 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_forwardWhat is national saving? What is privet saving ?what is public saving? How are these three variables related?arrow_forward
- How does government investment complement private investment?arrow_forward1. How does the U.S. savings rate compare to that of another country? 2. How is the U.S. doing? 3. What does the Bible say about saving and/or investing? According to Prov. 13:22, Prov. 22:7, Rom. 13:8, Matt. 25:14-30, and Luke 19:12-26.arrow_forwardA closed economy has income of $1000, government spending of $200, taxes of $150, and investment of $250. What is private saving?arrow_forward
- If net personal taxes rise, what happens to private saving ? Public saving ?arrow_forwardDraw a graph of the supply and demand of loanable funds. Then, show how the interest rate will be affected when the following scenarios occur: a. The government implements a program that reduces investment tax credits. b. The government budget deficit is reduced by 30%. (Hint: Does the government still need to borrow?) c. More foreigners are saving their money in U.S. banks.arrow_forwardSocieties choose what share of their resources to devote to consumption and what share to devote to investment.Some of these decisions involve private spending; others involve government spending. a. Describe some forms of private spending that represent consumption and some forms that represent investment. The national income accounts include tuition as a part of consumer spending. In your opinion, are the resources you devote to your education a form of consumption or a form of investment? b. Describe some forms of government spending that represent consumption and some forms that represent investment. In your opinion, should we view government spending on health programs as a form of consumption or investment?Would you distuinguish between health programs for the young and health programs for the elderly?arrow_forward
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