In: Economics
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 |