1. The relationship National Saving = Y – C – G holds for: A closed economy...

1. The relationship National Saving = Y – C – G holds for:

	A closed economy only
	An open economy only
	Either an open or closed economy

2. The relationship Saving = Investment holds for:

	A closed economy only
	An open economy only
	Either an open or closed economy

3. True or false: a trade deficit implies a positive net capital outflow.

	True
	False

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Expert Solution

Rahul Sunny answered 1 year ago

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