Using Equations for Public and Private Saving,show That Saving Must

question 50

Essay

Using equations for public and private saving,show that saving must equal investment in a closed economy.Begin with the expression for total saving in the economy.

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Definitions:

RDX

An abbreviation for Royal Demolition Explosive or Research Department Explosive, a highly energetic nitroamine used as an explosive.

Positive

Exhibiting or characterized by a beneficial, affirmative, or constructive quality or attribute.

TNT

Trinitrotoluene, a yellow, odorless, explosive material used commonly as a high explosive.

Oxygen Balance

A concept in chemistry that calculates the degree to which an explosive compound can be oxidized, affecting its explosive properties.