3. In a small open economy, Sd = +5 billion + (+100 billion) rw, I d =...

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3. In a small open economy, Sd = +5 billion + (+100 billion) rw, I d = +10 billion - (+50 billion) rw, Y = $50 billion,

G = +3 billion, rw = 0.06

a. Calculate the current account balance.

b. Calculate net exports.

c. Calculate desired consumption.

d. Calculate absorption.

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Macroeconomics Global Edition

ISBN: 978-1292318615

10th Edition

Authors: Andrew Abel ,Ben Bernanke ,Dean Croushore

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Question Posted: Nov 14, 2024 06:00 AM

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3. In a small open economy, Sd = +5 billion + (+100 billion) rw, I d =...

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Macroeconomics Global Edition

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