5. You are given the following information about an economy: Gross private domestic investment Government purchases of

Question:

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

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Macroeconomics Plus Myeconlab With Pearson Global Edition

ISBN: 377221

9th Canadian Edition

Authors: Andrew B. Abel ,Ben Bernanke ,Dean Croushore

Question Posted: