8. (LO 4) The following data provide information on Akiniras economy in a particular year: Y =...

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8. (LO 4) The following data provide information on Akinira’s economy in a particular year:

Y = $500 Investment spending = $100 Savings = $120 Government spending = $200 Taxes = $180 Balance of trade = +$70

a) Explain which variables depend on others.

b) Is the economy in equilibrium, and what has happened to the country’s level of inventories in this particular year?

c) Comment on what implications this might have for the following year’s GDP.

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Principles Of Macroeconomics

ISBN: 9780226818399

8th Edition

Authors: Sayre, J.E.; Morris, A.J.

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Question Posted: Nov 11, 2024 02:00 AM

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8. (LO 4) The following data provide information on Akiniras economy in a particular year: Y =...

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Principles Of Macroeconomics

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