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Economic Theory

Economic Theory. An economic theory is a set of ideas about the economy that has been organized in a logical framework. Most economic theories are developed in terms of an economic model.

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2.32k views • 56 slides

Saving, Consumption, and Wealth

Saving, Consumption, and Wealth. National Wealth. Sum of wealth of all households, firms and the government Accumulation of past saving Stock variable. Saving . A flow variable Current income minus current spending. National Saving. Private saving S pvt = Y + NFP + TR + INT - T - C

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532 views • 29 slides

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Y nfp tr int - PowerPoint PPT Presentation

Economic Theory

Saving, Consumption, and Wealth