Explain how higher saving leads to higher standard of living

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1. Explain how higher saving leads to a higher standard of living. What might deter a policymaker trying to raise the rate of saving?

2. What is government budget deficit? How does it affect interest rate, investment and economic growth?

3. Suppose Y=20 ; C=12.5 ; G=4 ; G-T=0.3. Calculate, Public saving, Taxes, Private saving National saving and investment.

Reference no: EM131387202

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