Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Firm A Wages paid to employees Taxes paid to government Input purchased from Firm C Revenue received Sold to Public (newly produced) Sold to Firm
Firm A Wages paid to employees Taxes paid to government Input purchased from Firm C Revenue received Sold to Public (newly produced) Sold to Firm B Sold to a foreign country Sold from inventory to Public Unsold production Aftertax prot Firm B Wages paid to employees Taxes paid to government Input purchased from Firm A Input purchased from Firm C Revenue received Sold to Public (newly produced) Sold to Government Sold from inventory to Public Aftertax prot 85 159 35 750 384 73 207 86 7? 471 98 1 30 73 95 3'64 427 27'l 66 368 Firm C Wages paid to employees 148 Taxes paid to government 118 Input imported 5? Revenue received 520 Sold to Public (newly produced) 293 Sold to Firm A 35 Sold to Firm B 95 Sold from inventory to Public 97 Unsold production 82 Aftertax prot 197 Additional Information Government transfers 17'5 Interest on government's debt 22 Private Saving 143 c. Investment (I) (hint: changes in inventory is part of investment) 159 9 Correct response: '99 \fg. Current account balance (CA) 357 X Correct response: 172
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started