7. Explain the difference between saving and investment as defined by a macroeconomist. Which of the following

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7. Explain the difference between saving and investment as defined by a macroeconomist. Which of the following situations represent investment? Saving? Explain.

a. Your family takes out a mortgage and buys a new house.

b. You use your $200 paycheque to buy stock in Bombardier.

c. Your roommate earns $100 and deposits it into her account at a bank.

d. You borrow $1000 from a bank to buy a car to use in your pizza delivery business.

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Principles Of Macroeconomics

ISBN: 9780176591977

7th Canadian Edition

Authors: N. Mankiw, Ronald Kneebone, Kenneth McKenzie

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