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Question 5 15 points National Saving Ignore inventory changes and government gross investment for this question. a. State the equations of private saving and public

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Question 5 15 points National Saving Ignore inventory changes and government gross investment for this question. a. State the equations of private saving and public saving. [Derivation not required.] b. State the relation between national saving and national investment in a closed economy. [Derivation not required.] c. State the relation between national saving and national investment in an open economy. [Derivation not required.]

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