Answer to Question #21557 in Macroeconomics for Kanapati
how its related to national savings and national income?
savings out from under the mattress and lends it to someone else to use in
return for giving you back more money than you started with.
Governments define "savings" and "national savings" in different ways.
It is perfectly logical to get confused easily. The US government defines
"savings" quite differently than "wealth" and as a result
the US savings rate is a somewhat odd thing. It does not included non-cash savings that are invested
outside the working definition of disposable income.
Need a fast expert's response?Submit order
and get a quick answer at the best price
for any assignment or question with DETAILED EXPLANATIONS!