2. On the same figure, graph national saving and investment as fractions of GDP, using quarterly U.S.

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2. On the same figure, graph national saving and investment as fractions of GDP, using quarterly U.S. data since 1947. (Note that national saving is called gross saving in the FRED database.) How does the behavior of these variables in the past ten years compare to their behavior in earlier periods? How is it possible for investment to exceed national saving, as it does in some periods?

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Macroeconomics

ISBN: 9780134896441

10th Edition

Authors: Andrew Abel, Ben Bernanke, Dean Croushore

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