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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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