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In Santa Barbara, Private Investment is 30 percent of GDP, and Private Saving is 25 percent of GDP. The Government is running a 4 percent
- In Santa Barbara, Private Investment is 30 percent of GDP, and Private Saving is 25 percent of GDP. The Government is running a 4 percent fiscal surplus. We are therefore expecting a current account balance of: (1) 1 percent, (ii) 7 percent, (iii) zero percent, (iv) negative 1 percent, (v) negative 7 percent.
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Public Finance A Contemporary Application of Theory to Policy
Authors: David N Hyman
11th edition
9781305474253, 1285173953, 1305474252, 978-1285173955
