9. (LO 4) Suppose that T = 120 + 0.2Y; G = 680; IM = 100 +

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9. (LO 4) Suppose that T = 120 + 0.2Y; G = 680; IM =

100 + 0.15Y and X = 550.

a) What is the trade balance (X - IM) when the government’s budget is balanced? $

b) What is the government’s budget balance (T - G) when the trade balance is zero? $

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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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9. (LO 4) Suppose that T = 120 + 0.2Y; G = 680; IM = 100 +

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Principles Of Macroeconomics

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