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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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)

Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 5-3 Figure 5-1 Real Government Expenditures, Real Government Revenues, and the Real Government Budget Deficit, 1900–2005 (2 of 2)

Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 5-4 Figure 5-1 Real Government Expenditures, Real Government Revenues, and the Real Government Budget Deficit, 1900–2005

Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 5-5 Figure 5-2 The Relation Between the Government Budget Surplus or Deficit and Real Income

Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 5-6 Figure 5-3 Effect on the Budget Line of an Increase in Government Expenditures

Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 5-7 Figure 5-4 A Comparison of the Actual Budget and the Natural Employment Budget, 1960–2004

Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 5-8 Figure 5-5 National Saving and Domestic Investment in a Closed Economy

Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 5-9 Figure 5-6 Effect of a Fiscal Expansion in a Closed Economy

Copyright © 2006 Pearson Addison-Wesley. All rights reserved Figure 5-7 Effect of a Fiscal Expansion in an Open Economy (1 of 2)

Copyright © 2006 Pearson Addison-Wesley. All rights reserved Figure 5-7 Effect of a Fiscal Expansion in an Open Economy (2 of 2)

Copyright © 2006 Pearson Addison-Wesley. All rights reserved Figure 5-7 Effect of a Fiscal Expansion in an Open Economy

Copyright © 2006 Pearson Addison-Wesley. All rights reserved Figure 5-8 Components of Net Saving and Investment, 1960–2004

Copyright © 2006 Pearson Addison-Wesley. All rights reserved International Perspective Saving, Investment, and Government Budgets Around the World

Copyright © 2006 Pearson Addison-Wesley. All rights reserved International Perspective Saving, Investment, and Government Budgets Around the World (1 of 3)

Copyright © 2006 Pearson Addison-Wesley. All rights reserved International Perspective Saving, Investment, and Government Budgets Around the World (2 of 3)

Copyright © 2006 Pearson Addison-Wesley. All rights reserved International Perspective Saving, Investment, and Government Budgets Around the World (3 of 3)

Copyright © 2006 Pearson Addison-Wesley. All rights reserved International Perspective Saving, Investment, and Government Budgets Around the World