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Suppose private saving is further separated into representing consumer savings and firm savings respectively. Show that total savings =++given the following i. Private citizens earn
Suppose private saving is further separated into representing consumer savings and firm savings respectively. Show that total savings =++given the following
i. Private citizens earn a wage (W), pay taxes, consume and save the remainder of their income
ii. Firms receive revenue from sales (Y), pay wages to workers (W), and pay taxes
iii. Total government taxes is the sum of taxes paid by private citizens and firms
iv. =
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