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

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2. On the same figure, graph national saving and investment as fractions of real 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 Value Edition

ISBN: 978-0136114895

7th Edition

Authors: Andrew B. Abel ,Ben Bernanke ,Dean Croushore

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