LO 5 Consider the identity Sp - I = CA + D, where Sp is private sector
Question:
LO 5 Consider the identity Sp - I = CA + D, where Sp is private sector saving, I is investment, CA is the current account surplus, and D is the government deicit.
(a) Show that the above identity holds.
(b) Explain what the above identity means.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: