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:

Resonance Contributors

Describes the various Lewis structures that represent a molecule's bonding and electron arrangement, highlighting how electrons can delocalize across the molecule.

Carbocation Intermediate

A positively charged ion (cation) characterized by the presence of a carbon atom having only six electrons in its valence shell, often occurring in organic reactions.

Resonance Contributors

Structures that depict the delocalization of electrons within a molecule, showing different possible configurations without changing the placement of atoms.

Major Products

In chemical reactions, the major products are the substances produced in the greatest amount, determined by the reaction conditions and mechanism.