5. You are given the following information about an economy: Gross private domestic investment Government purchases of
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5. You are given the following information about an economy: Gross private domestic investment Government purchases of goods and services Gross national product (GNP) Current account balance Taxes Government transfer payments Interest payments from the government (all to domestic households) Factor income from the rest of the world Factor payments to the rest of the world 40 30 200 -20 60 25 15 72 9 Find the following, assuming that government invest- ment is zero:
a. Consumption
b. Net exports
e. GDP
d. Net factor payments
e. Private saving £ Government saving &. National saving
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Related Book For
Macroeconomics Plus Myeconlab With Pearson Global Edition
ISBN: 377221
9th Canadian Edition
Authors: Andrew B. Abel ,Ben Bernanke ,Dean Croushore
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