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8. (Midterm 2014) Suppose the government decit is 5, tax revenues are 15, consumption expenditures are 60, the current account surplus is 10 and national

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8. (Midterm 2014) Suppose the government decit is 5, tax revenues are 15, consumption expenditures are 60, the current account surplus is 10 and national saving (private plus public) is 20. Calculate GDP. What is the private saving rate in this economy? What is the investment rate in this economy? Explain why these rates can be different

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