*A country’s current national savings and investment identity is expressed in algebraic terms as (M – = I – S – (T – G). In this instance:
A. domestic investment is higher than domestic savings.
B. domestic savings exceed domestic investment.
C. the country is experiencing a trade surplus.
D. government savings are excluded.
Answer:A
*A country’s current national savings and investment identity is expressed in algebraic terms as (M – = I – S – (T – G). In this instance:
A. domestic investment is higher than domestic savings. B. domestic savings exceed domestic investment. C. the country is experiencing a trade surplus. D. government savings are excluded.
Explanation: Type: Multiple Choice