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a) If the government has a $250 million budget deficit, with private savings equal to $700 million and private investment equal to $420 million, what
a) If the government has a $250 million budget deficit, with private savings equal to $700 million and private investment equal to $420 million, what is the value of the current account in equilibrium?
b) In your own words, explain the advantages and disadvantages of a large trade deficit.
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