The Fundamental Macroeconomic Identities

Peter Dorman

Chapter 4 in Macroeconomics, 2014, pp 73-88 from Springer

Abstract: Abstract Let’s look at the financial situation faced by the owner of a professional sports team. She wants her team to win as many games as possible, because it will attract more fans, and the fans will buy more tickets if they are contending for a championship. It makes sense for her to do what she can, like raiding other teams for their best players, to improve her own chances.

Keywords: Current Account; Trade Balance; Current Account Deficit; Private Saving; Trade Surplus (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-642-37441-8_4

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DOI: 10.1007/978-3-642-37441-8_4

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