Measuring Macroeconomic Activity III (Saving and Wealth) Flashcards Preview

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Flashcards in Measuring Macroeconomic Activity III (Saving and Wealth) Deck (7)
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1

Private Savings

S (private) = Y + BPI + BSI - T + GT - C
[ GNI ] ] ]
[ GNDI ] ]
[ Private GND ]

2

Government Savings

S (governmental) = T - GT - G
[ net Government Income ]

3

National Savings

S = S (private) + S ( governmental)

S = (Y + BPI + BSI - T + GT - C) + (T - GT - G)
S = Y + BPI + BSI - C - G

S = I + TB + BPI + BSI
[ CA ]

4

NIIP

net international investment position (wealth abroad)

FOA - FOL

5

National Wealth

National Wealth = K + FOA - FOL
[ NIIP ]

6

K

Economy's Capital stock

Domestic wealth (domestic non-financial assets)

7

Changes in K

K (T) = K (t) - ∂ x K (t) + I (t)
those occure through depreciation