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Consider the following small-open economy. C = 500 + 0.5Y D Y D = Y T I = 500 2, 000i + 0.1Y X =
Consider the following small-open economy. C = 500 + 0.5Y D Y D = Y T I = 500 2, 000i + 0.1Y X = 0.1Y + 100 Q = 0.1Y 100 with Y = 1, 000, G = 500, T = 400, i = 0.05, and = 1.0. B. Calculate trade balance (NX)
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Exploring Economics
Authors: Robert L Sexton
5th Edition
978-1439040249, 1439040249
