The numbers in the second column of Table 1 are the Federal Reserves estimates of personal wealth

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The numbers in the second column of Table 1 are the Federal Reserve’s estimates of personal wealth at the end of each year. The numbers in the third column are the Bureau of Economic Analysis’s estimates of personal saving each year. In which years did the change in wealth exceed saving? In which years did saving exceed the change in wealth? Given the definitions of saving and wealth, how can the change in wealth differ from saving?

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Foundations Of Macroeconomics

ISBN: 9780691179261

7th Global Edition

Authors: Bade, Robin;Parkin, Michael

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