3. The meaning of saving and investment Classify each of the following scenarios listed in the table below using the macroeconomic definitions of saving and investment. Saving Investment Clancy purchases a certificate of deposit at his bank. Hubert takes out a loan and uses it to build a new cabin in Idaho. Kate purchases shares of stock in Warm Breeze, a cloud computing company. Eileen purchases new mixers for her commercial bakery. OO

Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter18: Savings,investment And The Financial System
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3. The meaning of saving and investment
Classify each of the following scenarios listed in the table below using the macroeconomic definitions of saving and investment.
Saving Investment
O
O
Clancy purchases a certificate of deposit at his bank.
Hubert takes out a loan and uses it to build a new cabin in Idaho.
Kate purchases shares of stock in Warm Breeze, a cloud computing company.
Eileen purchases new mixers for her commercial bakery.
C
O
O
O
O
O
Transcribed Image Text:3. The meaning of saving and investment Classify each of the following scenarios listed in the table below using the macroeconomic definitions of saving and investment. Saving Investment O O Clancy purchases a certificate of deposit at his bank. Hubert takes out a loan and uses it to build a new cabin in Idaho. Kate purchases shares of stock in Warm Breeze, a cloud computing company. Eileen purchases new mixers for her commercial bakery. C O O O O O
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