Question
2. Saving and investment in the national income accounts The following table contains data for a hypothetical closed economy that uses the dollar as its
2. Saving and investment in the national income accounts
The following table contains data for a hypothetical closed economy that uses the dollar as its currency.
Suppose GDP in this country is $1,540 million. Enter the amount for government purchases.
What is the Value for Government (G)?
National Income Account Value(Millions of dollars)
Government Purchases (G) ?
Taxes minus Transfer Payments (T) 455
Consumption (C) 700
Investment (I) 490
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Power And Plenty Trade, War, And The World Economy In The Second Millennium
Authors: R Findlay, Ronald Findlay
1st Edition
0691143277, 9780691143279
