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Q. Discuss the values of private saving in closed and open economies.
Answer: In the closed economy private saving Sp is equal to I + (G - T) and in an open economy private saving Sp is equal to I + CA + (G - T). An open economy assists in extending the opportunities for private saving or dissaving or borrowing.
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what is international economics ,why we study ,bebifits of international economics ,which other is best for hhis ?
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