Copyright © 2006 Pearson Addison-Wesley. All rights reserved. Chapter 5 National Saving, the Government Budget, Foreign Borrowing, and the Twin Deficits.

Copyright © 2006 Pearson Addison-Wesley. All rights reserved.

Chapter 5

National Saving, the Government Budget, Foreign Borrowing, and the Twin Deficits

Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 5-2

Figure 5-1 Real Government Expenditures, Real Government Revenues, and the Real Government Budget Deficit, 1900–2005 (1 of 2)


Figure 5-1 Real Government Expenditures, Real Government Revenues, and the Real Government Budget Deficit, 1900–2005 (2 of 2)


Figure 5-1 Real Government Expenditures, Real Government Revenues, and the Real Government Budget Deficit, 1900–2005


Figure 5-2 The Relation Between the Government Budget Surplus or Deficit and Real Income


Figure 5-3 Effect on the Budget Line of an Increase in Government Expenditures


Figure 5-4 A Comparison of the Actual Budget and the Natural Employment Budget, 1960–2004


Figure 5-5 National Saving and Domestic Investment in a Closed Economy


Figure 5-6 Effect of a Fiscal Expansion in a Closed Economy


Figure 5-7 Effect of a Fiscal Expansion in an Open Economy (1 of 2)


Figure 5-7 Effect of a Fiscal Expansion in an Open Economy (2 of 2)


Figure 5-7 Effect of a Fiscal Expansion in an Open Economy


Figure 5-8 Components of Net Saving and Investment, 1960–2004


International Perspective Saving, Investment, and Government Budgets Around the World


International Perspective Saving, Investment, and Government Budgets Around the World (1 of 3)






International Perspective Saving, Investment, and Government Budgets Around the World

Copyright © 2006 Pearson Addison-Wesley. All rights reserved. Chapter 5 National Saving, the Government Budget, Foreign Borrowing, and the Twin Deficits.

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