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:

Echinodermata

A phylum of marine animals characterized by radial symmetry, a water vascular system, and typically a spiny skin.

Radially Symmetrical

A form of symmetry in which body parts are arranged around a central axis, allowing for symmetry in multiple planes.

Deuterostomes

A group of animals in which the anus forms from the first opening in the embryo, with the mouth forming later.

Cnidarians

A phylum of animals that are more complex than sponges, characterized by their radial symmetry, a central gastrovascular cavity, and the presence of cnidocytes; includes jellyfish, corals, and sea anemones.