45. Table 9.7 provides some hypothetical data on macroeconomic accounts for three countries represented by A, B, and C and measured in billions of currency units. In Table 9.7, private household saving is SH, tax revenue is T, government spending is G, and investment spending is I.

a. Calculate the trade balance and the net inflow of foreign saving for each country.

b. State whether each one has a trade surplus or deficit (or balanced trade).

c. State whether each is a net lender or borrower internationally and explain.

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A B C SH 700 500 600 T 00 500 500 G 600 350 650 I 800 400 450 Table 9.7 Macroeconomic Accounts