Spain exported its adventurers, traders, and priests, and imposed its language, culture, and religion on the New World, creating a vast empire in the Americas.
Culture in the Americas has been influenced by Spanish language, culture, and religion.
As shown in table 4.2, how much the couple's $4,000 annual contribution adds to national saving that year depends on (1) how much their IRA tax deduction costs the government and (2) whether their contributions represent new saving or were shifted from existing assets.