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Ricardo Martins
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Professor Nick,
I would kindly disagree with you. I guess nowadays people work the amount they are offered to work, so it doesn't make a difference.
But maybe it's just my naivety.
Thank you for your response
If you have time, please read my (still enfant economics blog)
Ricardo
Does saving count towards GDP?
Here's a fun one. (OK, I think it's fun, anyway.) Especially for those who teach macro. A first year student emails me. Paraphrasing, he asks "For a closed economy, we know that national saving equals national investment, and investing in newly-produced goods counts towards GDP. And "saving" mea...
Professor Nick,
If Government increases G it will not necessarily crowd out "other demand components" (but it may), but if it increases Taxes those will have to come from C and/or S, isn't that right?
So you can say that an increase in G may increase Y, but an increase in T won't.
Am I wrong?
Thank you
Ricardo Martins (losinterest.wordpress.com)
Does saving count towards GDP?
Here's a fun one. (OK, I think it's fun, anyway.) Especially for those who teach macro. A first year student emails me. Paraphrasing, he asks "For a closed economy, we know that national saving equals national investment, and investing in newly-produced goods counts towards GDP. And "saving" mea...
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