Question
URGENT!!!!!!! Detailed answer(s) only. (At least, as detailed as possible, please) Must show a full understanding of the economical topic(s), theories, cases, graphs, calculations, formulas,
URGENT!!!!!!! Detailed answer(s) only. (At least, as detailed as possible, please)
Must show a full understanding of the economical topic(s), theories, cases, graphs, calculations, formulas, examples, etc. Question;
[a] Explain how higher saving leads to a higher standard of living. What might deter a policymaker from trying to raise the rate of saving?
[b] Describe a change in the tax code that might increase private saving. If this policy were implemented, how would it affect the market for loanable funds?
[c] A country has the following data:
Imports in pipelines (do not move through ports) 300,000
Exports 1,500,000
Investment 1,500,000
Government purchases 2,000,000
Consumption 7,000,000
Human Capital 3,000,000
Social Capital 2,000,000
Imports 1,250,000
Shipments of noncommercial 800,000
Calculate and compare the country's GDP using the traditional approach and adjustments suggested by both Landefeld et al. (2008) and Costanza et al. (2009)!
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