Indebtedness and mercantilism
In a closed economy, the growth of the GDP is equal to the net indebtedness (the increase of indebtedness) of it agents from one period to another, which allows current demand to be greater than the income of the preceding quarter. In an open economy, we must add to that the net indebtedness of the...
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| Format: | Article |
| Language: | English |
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Economists' Association of Vojvodina
2009-01-01
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| Series: | Panoeconomicus |
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| Online Access: | http://www.doiserbia.nb.rs/img/doi/1452-595X/2009/1452-595X0903409G.pdf |