### Why does government mandate individuals to purchase

##### Reference no: EM1372537

Q. Assumes that isoland has a closed economy. Isoland GDP is \$8 trillion, its private saving is \$0.5 trillion, its government saving is \$0.2 trillion and its taxes equal \$1.5 trillion. Calculate for consumption, government spending, national saving and investment.

Q. Why does government mandate individuals to purchase their own insurance in some cases such as automobile liability insurance--but directly provide insurance to people in or situations--such as health insurance?

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